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SpaceX Crew Dragon spaceship to bring NASA astronauts home this summer
Bob Behnken and Doug Hurley launched to the space station on May 30, for an indeterminate amount of time. Their stay on orbit depends upon a few different factors, including solar array degradation, the status of the next Crew Dragon, and landing zone weather. While Bob and Doug do not yet have a definitive return date, NASA officials have said they are looking at August as a return time frame.
The mission, known as Demo-2, is the first to fly humans from Florida since the end of the shuttle program in 2011. It’s also SpaceX’s first mission to carry astronauts. But it won’t be the last. The California-based aerospace company is gearing up for its next crewed mission. Known as Crew-1, this flight will see three NASA astronauts, and one Japanese astronaut soar to the space station inside another Crew Dragon capsule.
The two missions are interconnected. Demo-2 is the final test flight of the Crew Dragon capsule, and at the end of the mission, NASA is expected to certify the craft to regularly carry humans to and from the space station. For nearly a decade, NASA has been solely dependent upon Russia to carry its astronauts, but now, the agency will have more flexibility with flights.
Before Demo-2 launched, NASA officials estimated that the Bob and Doug could stay on station anywhere from one to four months. The agency wanted to see how the Dragon performed on orbit before specifying the length of time the crew would remain on orbit.
“We didn’t prescribe the length of the Demo-2 mission until we got the crew on orbit and we could see the performance of the Dragon,” Ken Bowersox, acting administrator for NASA’s human spaceflight program said on Tuesday. “The Dragon is doing very well, so we think it’s reasonable for the crew to stay up there a month or two. The actual details are still being worked out.”
Bowersox explained that the mission is going well, and the spacecraft is holding up as expected. The Crew version of SpaceX’s Dragon capsule has been to the space station one other time. During its first test flight, called Demo-1. This mission launched in 2019, without people on board. The craft proved it could dock and undock itself with the space station, and even spent about a week attached to the orbital outpost.
Now, NASA and SpaceX are putting the craft through its paces and seeing how well it holds up over time against the harsh environment of outer space. Some of the craft’s most sensitive electronics, namely the solar panels, have a shelf life in space. That time period is limited to 120 days, so NASA wants the crew to come home before that time.
The next batch of astronauts are expected to launch in late August or early September, if all goes according to plan. But, in order for them to launch, Bob and Doug have to come home several weeks before the planned liftoff so that the Dragon can be evaluated and certified.
To that end, NASA is looking at bringing the Demo-2 crew home in late July or early August. This will allow them to help with station maintenance, as well perform a spacewalk or two. Since April, Chris Cassidy has been the sole NASA astronauts on board, as the space station has been operating on a skeleton crew. The addition of Bob and Doug allows the crew to do more routine maintenance, as well as some research experiments.
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Bob Behnken is expected to perform at least two spacewalks — one in late June, followed by one in early July. Behnken will join Chris Cassidy in replacing batteries on the space station’s exterior. The batteries were delivered on a recent cargo resupply mission and will help power the space station.
While Behnken is suited up and working outside the station, Doug Hurley will operate the space station’s robotic arm, helping Behnken and Cassidy move about during their spacewalks.
The plans were brought up in a joint meeting on Tuesday of the National Academies of Sciences, Engineering and Medicine’s Space Studies Board and the Aeronautics and Space Engineering Board.
“It is very likely that by the end of July, we will have conducted some spacewalks with Chris Cassidy and Bob Behnken, replaced some batteries on the ISS, and we’ll — about two months from now — start thinking about bringing Bob and Doug home,” Bowersox said. “We’d like to get them home some time in August.”
Bowersox is a former astronaut, who flew on five shuttle missions. He recently took over as acting head of NASA’s human spaceflight division after the previous administrator, Doug Loverro, suddenly resigned. That change in leadership took place just days before Hurley and Behnken took flight. Industry sources say Loverro’s departure had to do with him breaking agency rules during a competition to procure bids for NASA’s upcoming lunar lander program.
While the timing was suspect, the Demo-2 mission was unaffected and went off without a hitch.
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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.
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.
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
