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SpaceX CEO Elon Musk promises long-awaited Starship update next week
While running behind schedule in classic fashion, SpaceX CEO Elon Musk says he’ll present the first big Starship program update in two and a half years on Thursday, February 10th.
Additionally, as an apparent centerpiece for the event and update, Musk says that SpaceX will perform the second-ever “full stack” fit test with a Starship upper stage and Super Heavy booster.
Starship S20 and Super Heavy booster B4 were stacked for the first time in early August 2021, when both stages were still weeks or even months away from some degree of completion. Only months later did Starship S20 kick off a multi-month period of qualification tests, eventually becoming the first Starship prototype to successfully test a full six Raptor engines at once. Super Heavy B4, on the other hand, had an even more painful time for unknown reasons and only graduated to basic cryogenic proof testing in mid-December – more than four months later.
While the booster has had a full 29 Raptor 1 engines installed for months, the booster has yet to perform or attempt a single static fire of any number of those engines and hasn’t even managed a basic wet dress rehearsal with real liquid oxygen and methane propellant. Eventually, SpaceX did perform a handful of Booster 4 Raptor ignition tests, but those were almost more of a test of the launch pad than Super Heavy itself. The slow and minimal progress SpaceX has made testing Super Heavy B4 may actually be because of issues with orbital launch pad’s tank farm design. To this day, while the oxygen and nitrogen half of the farm are already storing thousands of tons of propellant and coolant, the fuel side of the same farm has yet to be filled with any methane. That makes thoroughly testing a Super Heavy booster much harder, though there are some obvious workarounds SpaceX could have made if it had really wanted to start proof testing Booster 4 as soon as possible.
In fact, it’s no longer clear if Ship 20 and Booster 4 will actually get to fulfill their original goal of supporting Starship’s first orbital (velocity) test flight. Nonetheless, they are still two giant, nearly completed stages that together form a full Starship ‘stack.’
Heading into 2022, SpaceX appears to be more focused on testing a somewhat extraneous part of the first orbital Starship launch site – “chopstick” arms installed on the launch tower. SpaceX’s current Starship ‘launch tower’ design centers around the need for three giant swinging arms – one to fuel and power Starship and the other two to lift, stack, and – maybe one day – catch Super Heavy boosters and ships. Had SpaceX stayed true to the original Starship/BFR/ITS design, the booster would have been fueled through the launch mount and Starship would have been fueled through a connection with the booster, significantly simplifying the tower.
In theory, replacing that design with a complex, building-sized umbilical arm might ultimately improve Starship’s nominal payload to orbit by a few percent. Additionally, using the even more complex “chopsticks” – a pair of giant arms – to lift and stack Super Heavy and Starship may actually be a smart design, as it could theoretically free SpaceX from the painful operational constraints imposed by large cranes.
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By all appearances, that’s exactly what SpaceX plans to test next week. Starship S20 has already been moved adjacent to the launch tower and Super Heavy B4 has been attached to a crane (somewhat ironically) in preparation for its own move to the tower. For the first time, SpaceX might use the tower arms to lift Super Heavy onto the orbital launch mount, stabilize the booster, and then lift and stack Starship on top of it – all without a crane, in theory. Of course, insofar as SpaceX performed the first full-stack fit test with a crane, the tower’s lift/catch arms only really become irreplaceable once waiting a few days for safe lift conditions becomes a bottleneck for Starship launch operations.
Nonetheless, a successful stacking operation with those arms would be an impressive technical feat and demonstrate one of the things needed for all-weather Starship launch operations, even if it won’t leave SpaceX any closer to orbital test flights than it was before.
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.
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.
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
