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SpaceX aims to ship two new Crew Dragon spacecraft to Florida in the next two months

Elon Musk says SpaceX could be ready to ship two new Crew Dragon capsules to Florida within the next two months. (SpaceX)

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Speaking in an interview with CNN shortly after presenting an update on Starship, SpaceX CEO Elon Musk says that the company’s next two completed Crew Dragon spacecraft are both set to arrive in Florida before the end of the year.

Specifically, Musk estimated that Crew Dragon capsule 03 (C203) and its expendable trunk would be sent from SpaceX’s Hawthorne, CA factory to Cape Canaveral, FL as early as October. Crew Dragon capsule C204 is then expected to follow around one month later, arriving in Florida for preflight preparation as early as November.

Crew Dragon is an upgraded, human-rated follow-up to SpaceX’s highly successful Cargo Dragon, an uncrewed spacecraft that has successfully completed 19 orbital launches since December 2010. Over the course of those missions, Cargo Dragon has delivered almost 40 metric tons of cargo (39.5t, 87,000 lb) to the International Space Station (ISS) under SpaceX’s NASA Commercial Resupply Services 1 (CRS1) contract.

SpaceX’s first spaceworthy Crew Dragon capsule prepares for its first Falcon 9-integrated static fire and a post-recovery test fire three months later. (SpaceX)

SpaceX executives have stated several times that Cargo Dragon (Dragon 1) and Crew Dragon (Dragon 2) barely have a single shared part between them, but Crew Dragon nevertheless shares the heritage built by its predecessor’s successful career. Like Dragon 1, Dragon 2 is comprised of two main sections – a capsule and a service section (known by SpaceX as a trunk). The capsule is designed to be recovered and reused, while the trunk is detached in orbit to eventually burn up in Earth’s atmosphere.

Same as Cargo Dragon, Crew Dragon’s trunk serves three main purposes aside from its basic structural role, providing power to the spacecraft with a solar array, regulating spacecraft temperature with a built-in radiator, and storing unpressurized cargo bound for the ISS.

SpaceX published a highlight reel of Crew Dragon’s SuperDraco thruster testing on September 12th. The spacecraft is now set to perform an In-Flight Abort test as early as November. (SpaceX)

Unlike Cargo Dragon, Crew Dragon features a launch abort system (LAS) powered by eight Super Draco engines, nominally capable of carrying astronauts to safety in the event of a Falcon 9 failures at any point during launch. On April 20th, recently flight-proven Crew Dragon capsule C201 suffered a catastrophic explosion as a result of a design flaw in its high-pressure propellant system. Eventually blamed on the use of a leaky, titanium valve in a high-pressure, oxidizer-rich environment, that explosion significantly delayed SpaceX’s Crew Dragon test flight schedule.

Prior to April 20th, SpaceX anticipated launching Crew Dragon’s In-Flight Abort (IFA) test as early as July 2019, followed by the spacecraft’s crewed demonstration launch (Demo-2) in September or October 2019. Capsule C201 was supposed to support the IFA test and its destruction forced SpaceX to reconfigure its spacecraft flight order, reassigning the capsule (C203) originally intended to fly astronauts on Demo-2 to IFA, while the Dragon (C204) meant for SpaceX’s second astronaut launch (known as PCM-1) was reassigned to Demo-2.

Demo-2 astronauts Bob Behnken and Doug Hurley train for Demo-2, Crew Dragon’s first crewed launch. (SpaceX)

As of early September, SpaceX and NASA had nearly completed Crew Dragon’s static fire explosion investigation. The next few Crew Dragon spacecraft could have almost certainly been completed months ago, but SpaceX had to pause their integration to preserve access in the event that significant modifications were needed to recertify the capsules for flight. With the IFA Dragon set to arrive as early as October, SpaceX will have up to one month to prepare for the abort test, currently scheduled to occur no earlier than (NET) November 23rd according to recent FCC applications.

Assuming that Dragon performs flawlessly during the IFA, NASA could give Demo-2 – Crew Dragon’s inaugural astronaut launch – permission to launch as early as Q1 2020.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it

The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.

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The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.

The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.

The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.

The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.

It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.

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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.

Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.

SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles

The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”

When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.

The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.

None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.

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The Boring Company’s newest Vegas Station has a permit quietly waiting behind it

Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.

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Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.

The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.

The Boring Company just doubled its tunneling power in Nashville

The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.

Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.

For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.

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