News
SpaceX highlights Crew Dragon SuperDraco thrusters as explosion investigation nears end
SpaceX has published a highlight reel touting “over 700 tests” of Crew Dragon’s SuperDraco abort thrusters at the same time as the company is about to close a failure investigation into a Dragon capsule’s April explosion, pinned primarily on abort-related hardware.
According to a September 6th meeting of NASA’s Aerospace Safety Advisory Panel (ASAP), SpaceX has nearly completed the ‘fault tree’ of Crew Dragon’s explosion, a term used to describe the process of analyzing telemetry and ruling out all possible failure modes. Once that tree is complete, the investigation can be finalized and SpaceX can implement all hardware and software changes needed to prevent similar failures from reoccurring. For the time being, this means that a 2019 launch of SpaceX’s inaugural crewed Dragon is almost certainly not in the cards, although early 2020 is still looking promising.
On April 20th, SpaceX was extremely quick to acknowledge that an anomaly had occurred during a planned static fire of flight-proven Crew Dragon capsule C201, recovered just one month prior after a flawless orbital launch debut. Soon after, an extremely low-quality video of a livestream of the static fire attempt was leaked, revealing that the capsule suffered a catastrophic explosion just moments before the ignition of its eight SuperDraco thrusters.
Incredibly, one of Crew Dragon C201’s SuperDraco ‘powerpacks’ (a pair of engines) was not only recovered intact after the explosion but static-fired at SpaceX’s McGregor, TX test facilities. A bit less than three months after the explosion, SpaceX and NASA officials hosted a press conference in July 2019 to discuss preliminary results from their joint Crew Dragon failure investigation. Some work remained to rule out other possibilities but NASA and SpaceX were confident enough to conclude that an exotic interaction between SuperDraco propellant and a leaky titanium valve likely triggered the explosion.
According to ASAP, SpaceX and NASA still have work to do before the investigation can be concluded, describing it as “nearly complete”. Additionally, the ASAP meeting continued what feels like an increasingly myopic focus on SpaceX’s carbon overwrapped pressure vessels (COPVs), used to store high-pressure helium on Falcon 9 and Heavy. COPVs have been partial causes of both of Falcon 9’s two operational failures, explaining NASA’s apparent prioritization of its certification.
Unspecified issues with parachutes were also raised for both Commercial Crew spacecraft, continuing a years-long trend of parachutes and COPVs taking up the majority of ASAP’s attention in public meetings. Boeing and SpaceX continue to test their parachute systems, both well into dozens of distinct tests after something like two years of concerted attempts to satisfy NASA requirements.
SpaceX has already demonstrated a successful orbital launch, reentry, parachute deployment, and splashdown during Crew Dragon’s March 2019 Demo-1 launch, as well as 18 successful Cargo Dragon parachute recoveries in the last seven years. Cargo Dragon did suffer one anomalous splashdown in 2018, but its partially redundant set of chutes still permitted a gentle and intact recovery.
Nevertheless, it appears that SpaceX and Boeing will have to continue performing parachute tests for the indefinite future. Boeing’s next milestone – an uncrewed orbital test flight (OTF) comparable to SpaceX’s Demo-1 mission – is expected to launch no earlier than October 28th according to Russian space industry sources. SpaceX’s next Crew Dragon milestone will be the spacecraft’s in-flight abort (IFA) test, scheduled no earlier than November 2019.
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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.