News
SpaceX and NASA reaffirm Crew Dragon’s January 2019 launch debut target
After what can only be described as an attempt to sandbag the official launch schedule, NASA administrator James Bridenstine remains alone in his public implication that the date for SpaceX’s first Crew Dragon test flight (DM-1) is so uncertain that “the first half of 2019” was the closest he would get to an estimate.
Such an uncertain estimate would normally be par for the course of NASA’s Commercial Crew Program (CCP), but the fact remains that SpaceX and NASA have recently filed for and received specific launch date allotments for Crew Dragon’s DM-1 launch, dates little more than 4-6 weeks away from today.
At the NAC HEO meeting, Bill Gerstenmaier says the SpaceX Demo-1 mission is planned “towards the end of January.”
— Jeff Foust (@jeff_foust) December 6, 2018
As such, the fact that NASA associate administrator Bill Gerstenmaier – a critical hands-on leader of NASA’s commercial and exploration programs – specifically stated that NASA and SpaceX are targeting DM-1’s launch in January is an unusually stark indication that the two senior NASA officials are not reading from the same script, so to speak. The reasons for the dramatic differences in official statements separated by just one week are hard to parse and would inevitably tread into waters of pure speculation and political machinations.
What is far more important is that Gerstenmaier – backed up by Phil McCalister, NASA Director of Commercial Spaceflight – reaffirmed that NASA is planning for the first orbital, uncrewed launch of SpaceX’s Crew Dragon as early as January 2019, albeit with a slight 10-day slip since the last specific launch date (January 7) was announced.
Speaking before and after Falcon 9’s recent launch of Cargo Dragon (CRS-16) on December 5th, SpaceX VP of Launch and Build Reliability Hans Koenigsmann added yet another voice to the chorus, stating that he and SpaceX were extremely confident that all the physical hardware and software aspects of Crew Dragon would be ready to launch no later than January 7th.
NASA’s Phil McAlister updates the status of SpaceX’s Demo-1 Crew Dragon spacecraft, and says the company aims to have all hardware ready by Dec. 20, then will stand down for the holidays before resuming launch preps in January. pic.twitter.com/XDubh95PEV
— Stephen Clark (@StephenClark1) December 6, 2018
Why so uncertain?
It’s impossible to fully delve into the complex political and bureaucratic intricacies of modern NASA, but the uncertainty within NASA and the deltas between NASA and SpaceX’s official statements can generally be explained by the simple fact that a number of critical final reviews have yet to be completed, reviews that will offer the final determination of when or if Falcon 9 and Crew Dragon are ready to launch.
Depending on the results of those readiness reviews, DM-1 could be given the go-ahead to launch in January or it could be delayed six months because NASA wants SpaceX to change a number of critical spacecraft systems, two extreme sides of what can be best described as a spectrum of possibilities.
In other words, SpaceX’s Koenigsmann and NASA’s Gerstenmaier and McCalister have since implied that they are confident that those final reviews will look favorably upon launch dates that approximate “ASAP”. Bridenstine, while technically the head of NASA, can thus be treated as a dissenting or outlier opinion in this case, presumably offering a worst-case-scenario of when SpaceX might be able to launch DM-1 if final reviews go very badly.
- SpaceX technicians move the integrated DM-1 Crew Dragon during a vacuum chamber test campaign. (SpaceX)
- A SpaceX employee works on the Crew Dragon assigned to DM-2, the first launch with astronauts aboard. (SpaceX)
- SpaceX installed its Crew Access Arm (CAA) in September 2018. (Tom Cross)
Bridenstine and Koenigsmann’s comments are worth looking at in a bit more depth, subtly but unequivocally pointing to the differences in opinion between NASA and SpaceX that clearly still float just beneath the public surface. Asked about Bridenstine’s suggestion that DM-1 could slip quite a bit, Koenigsmann offered a skeptical but levelheaded response:
“What I could see is a [slip of a] couple of days because of [Space Station] traffic. For example, CRS-16 (Cargo Dragon) is on station at the same time, lots of traffic, lots of crew time requirements, but our target is – at this point in time – mid-January, and we’re pushing as hard and [as diligently] as we can for this particular launch.”
In fact, it appears that NASA and SpaceX concluded, around the same point in time, that a new target of January 17th was preferable to account for the logistical scheduling concerns highlighted by Hans in the above quote, allowing 10 extra days for the International Space Station (ISS) crew to complete other spacecraft operations before Crew Dragon’s planned arrival.

Even more intriguingly, local reporter Ken Kremer followed up with a question specifical triggered by Bridenstine’s suggestion (according to USA Today) that “challenges” with Crew Dragon’s landing parachutes were a leading factor in the unlikelihood of a January launch. Hans responded in his usual deadpan style:
“No; we’re working through issues, obviously, I mean every launch has things that we work through to make sure they work fine. [Dragon 2’s parachutes] actually have more redundancy than those on Dragon 1 and they are also [structurally] reinforced on Demo-1, so pretty sure [they’re] gonna be successful.”
Now we wait.
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Elon Musk
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.
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.
Introducing Liner Truck 3 — our latest fully electric tunnel vehicle.
– Tesla Model 3 battery and drive units
– Transports 22,000+ lb of concrete segments to the boring machine
– 28 miles of range
– 12 mph max operating speed
– Remotely piloted from Global OCC in Texas, with… pic.twitter.com/XB7FgSXnpy— The Boring Company (@boringcompany) August 7, 2026
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.
Elon Musk
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
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.
News
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.
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.



