News
SpaceX’s claw-boat ready to recover rocket fairing with a giant net
Teslarati’s West coast photographer Pauline Acalin has captured some amazing photos of one of SpaceX’s most immediately recognizable fairing recovery vessels berthed in the Port of San Pedro. For the first time ever, the vessel (officially named Mr. Steven) has had its iconic claw rigged with a massive net intended to gently capture Falcon 9 payload fairings.
SpaceX has been trying in earnest to recover its rockets’ fairings for approximately one year, but has yet to recover a fairing intact. While the company appeared to have recovered at least one large fragment on the East coast, success has proven elusive, and CEO Elon Musk noted in press conferences before and after Falcon Heavy’s inaugural launch that the task had proven more difficult than was anticipated. Despite the difficulties, SpaceX has no intention of surrendering their valuable fairings (a $5 million pallet of cash, as Musk once joked) to the sea.
-
- Imagine this building-sized fairing traveling approximately TWO MILES PER SECOND. (USAF)
-
- Mr Steven’s big ‘ole net and iconic claws hunger for Falcon fairings. (Pauline Acalin/Teslarati)
Along with the imminent introduction of SpaceX’s upgraded “Fairing 2.0” on the upcoming Wednesday launch of PAZ, chances of a successful fairing recovery are almost certainly higher than ever before. While SpaceX and CEO Musk has only revealed that the upgraded fairing is somewhat larger than its predecessor, it can also be more or less guaranteed that its aforementioned upgrades go well beyond larger dimensions, likely extending into improved reusability hardware, greater ease of manufacture, and much more. This should come as no surprise – SpaceX has a long and storied history of making constant, iterative improvements to all aspects of itself, be it hardware, software, design, or manufacturing.
Mr. Steven’s fancy new net captured in the golden hour before sunset at L.A.’s Port of San Pedro. (Pauline Acalin/Teslarati)
Enter Mr. Steven’s fancy new netting. While no bouncy castle, a highly maneuverable vessel with an effortlessly reusable net is arguably far superior to a dead-in-the-water piece of inflatable plastic. As the fairing (theoretically) floats gently down to the surface of the ocean under its guided parachute, Mr. Steven’s coxswain will be tasked with skillfully maneuvering the boat to account for any the sea state and any winds in order to maintain its position at the fairing’s destination. If all goes well, at least half of Falcon 9’s payload fairing will gently drop into Mr. Steven’s net, marking SpaceX’s first successful recovery. If things don’t go exactly as planned, a 1000kg hunk of metal and composite could theoretically smash into poor Mr. Steven at an unhealthy velocity. However, things are looking considerably more positive this time around.
SpaceX’s fairing grabber, Mr. Steven, a couple days ago preparing to ship out for Wednesday’s launch at Vandenberg. @Teslarati #paz #Starlink pic.twitter.com/lfWjUGy56k
— Pauline Acalin (@w00ki33) February 19, 2018
By all appearances, SpaceX has retained the same general strategy of fairing recovery mentioned in the past by Musk and other executives. To oversimplify, after launch, the payload fairing separates (mechanically) from the second stage once Falcon 9 or Heavy has left behind the majority of Earth’s atmosphere. After separation, each fairing half orients itself for a gentler reentry into the atmosphere with cold nitrogen gas thrusters, likely the exact same thrusters used in part to achieve Falcon 9’s accurate and reliable landings. Due to their massive surface area and comparatively tiny weight, fairing halves effectively become exceptionally finicky and awkward sails falling through the atmosphere at insane velocities, with the goal generally being to orient each half like a boat’s hull to provide some stability. Once they are low enough, assuming they’ve survived the journey from TEN TIMES THE SPEED OF SOUND and 62 MILES above Earth’s surface to a more reasonable ~Mach 0.5 and maybe 5 miles of altitude, the fun parts begin. At this point, each fairing half deploys a GPS-connected parachute system (a parasail, to be exact) capable of directing the massive hunks of carbon fiber and aluminum to a very specific point on the surface of the ocean.
Successful fairing recovery would quite literally entail an immediate cost reduction of as much as 10% of a Falcon 9’s entire advertised launch price, ~$6 million. For recovery of a single half, that figure is of course…halved, but $3 million is still an impressive instantaneous cost reduction. It’s unclear how SpaceX eventually intends to recover both halves of the fairing – a Mr. Steven sibling, perhaps? – but that is a problem for future SpaceX!
-
Mr. Steven and his net are likely to get their first taste of action in just two days – PAZ and two of SpaceX’s very own prototype internet satellites are set to launch at 6:17 am PST on Wednesday, February 21. Stay tuned for a link to SpaceX’s official webcast and follow us on social media for down-to-the-minute updates.
Teslarati – Instagram – Twitter
Tom Cross – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
https://twitter.com/_TomCross_/status/965394574578540545
-
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.
-
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
