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SpaceX says Crew Dragon parachute upgrade nailed more than a dozen tests in a row
According to SpaceX, Crew Dragon’s upgraded ‘Mk3’ parachutes have successfully completed more than a dozen tests in a row, a feat accomplished by SpaceX engineers and technicians in a single week.
Although SpaceX will likely continue to test the upgraded parachutes over the next several weeks and months, Mk3’s success up to now – including a demonstration of an emergency landing scenario – likely means that the company is well on track for NASA to certify Crew Dragon for its first astronaut launch.
Known as Demo-2, SpaceX’s first crewed demonstration mission is tentatively scheduled to launch no earlier than the first quarter of 2020 and is almost entirely dependent upon NASA (and SpaceX, to a lesser extent) completing review and qualification paperwork. On October 8th, SpaceX CEO Elon Musk indicated that SpaceX itself – including all Crew Dragon and Falcon 9 hardware – would likely be ready to launch before the end of December 2019.
During an October 30th briefing from Commercial Crew Program manager Kathy Lueders, NASA essentially confirmed Musk’s estimate for Crew Dragon hardware readiness, estimating that the Crew Dragon Demo-2 spacecraft will be ready for flight around the end of December. The mission’s Falcon 9 booster has also completed testing in Texas, while SpaceX plans to ship the Falcon 9 upper stage to Texas for acceptance testing in November.
In recent months, NASA has indicated that the parachute systems of both Boeing’s Starliner and SpaceX’s Crew Dragon were a prominent concern after chute failures occurred on several occasions. In response, SpaceX redesigned Crew Dragon’s parachutes – supplied by Airborne Systems – to account for the failure modes experience, while also advancing the state of the art of computer modeling of parachute deployment and behavior.
In response to past failures, SpaceX chose to further upgrade and strengthen Crew Dragon’s parachutes, moving to a ‘Mk3’ variant with stronger Zylon risers (strips connecting Dragon to its parachute rigging), among other tweaks. Notably, in an October 2019 press conference with Musk, NASA administrator Jim Bridenstine noted that SpaceX had plans to field and test those Mk3 parachutes at least 10 times before the end of 2019.
“We could see as many as 10 drop tests between now and the end of the year and depending on how the next 10 drop tests go, we will know how many more drops tests we are going to add.”
Jim Bridenstine, October 10th, 2019
In fact, during the latest stage of testing, SpaceX says it successfully completed thirteen consecutive tests of Crew Dragon’s new Mk3 parachutes, all of which were completed in less than two weeks. This essentially blows Bridenstine’s expectations out of the water, as SpaceX has surpassed his predicted 10 tests and done so barely three weeks into the tentative 12-week window he set. SpaceX now has plenty of time to either continue testing Crew Dragon’s parachutes or refocus its efforts on other equally important qualification challenges.
Prior to those thirteen consecutive successes, SpaceX suffered two failures during single-parachute Mk3 testing. The first two development tests of the Mk 3 design used loads much higher than the parachutes would ever see in operation in an effort to better understand overall design margins and system performance. After a period of rapid iteration with parachute provider Airborne Systems, the faults responsible for those two stress-test failures were resolved and subsequent drop tests confirmed that Mk3’s suspension lines – the numerous lines connecting the parachute to Crew Dragon – are far stronger than those on Mk2.
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Perhaps most crucially, the most recent test – shown in the video shared by SpaceX on November 3rd – was the first multi-chute Mk3 demonstration and simultaneously proved that Crew Dragon will be able to safely land its astronaut passengers even if one of the spacecraft’s four parachutes fail to deploy. Despite those consecutive successes, SpaceX and Airborne will continue testing Mk3 parachutes as rapidly as possible and aim to provide NASA the data it needs to qualify Crew Dragon’s parachutes for crewed flight before the end of 2019.
Either way, the next several months are set to be a frenetic period for NASA’s Commercial Crew Program. As early as November 4th, Boeing aims to attempt a pad abort test of its Starliner spacecraft, while SpaceX is set to static fire a Crew Dragon capsule on November 6th. If both tests are successful, SpaceX aims to launch Crew Dragon’s In-Flight Abort (IFA) test in early-December, while Boeing hopes to launch Starliner on its first uncrewed Orbital Flight Test (OFT) no earlier than December 17th.
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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.
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.
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.
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
