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Elon Musk says a SpaceX Falcon 9 rocket is about to be "destroyed in Dragon fire"
SpaceX CEO Elon Musk has officially confirmed that the company’s next Falcon 9 launch will destroy the flight-proven booster and upper stage “in Dragon fire”, a cryptic reference to the ultimate purpose of the sacrifice.
Known as SpaceX’s In-Flight Abort (IFA) test, the mission is designed not to place any particular payload in orbit but to demonstrate that Crew Dragon – the company’s first human-rated spacecraft – can ensure astronaut safety even if faced with a worst-case scenario during launch. IFA will mark Crew Dragon’s second dedicated abort test and second launch on a SpaceX Falcon 9 rocket, although the mission’s brand-new spacecraft will have to suffice with a suborbital jaunt before hopefully splashing down intact in the Atlantic Ocean.
If everything goes as planned, SpaceX has every intention of reusing the IFA Crew Dragon capsule on a future mission, although it’s unclear what that mission might look like. It’s unlikely that a reused SpaceX spacecraft will fly NASA astronauts anytime soon but it’s possible that the company will refurbish the vehicle for an entirely private astronaut launch or transform it into the first uncrewed launch of a next-generation Cargo Dragon (Dragon 2). Regardless, given the challenges posed by the In-Flight Abort, Crew Dragon’s survival is far from guaranteed.
Given that such an abort scenario is by definition a possibility, it’s likely the case that SpaceX’s engineers are almost certain that Crew Dragon should be able to survive such an ordeal, but the spacecraft will likely be pushed to its limits and it’s often much harder to ensure that everything works as intended at those limits.
In-Flight Abort by the numbers
Formerly scheduled to fly since-destroyed Crew Dragon capsule C201, SpaceX was forced to shuffle its spacecraft scheduling, reassigning Crew Dragon capsule C205 – originally expected to launch SpaceX’s first NASA astronaut mission – to support the In-Flight Abort. Featuring upgrades designed to prevent the failure mode that led to C201’s violent explosion, C205 will now have to survive a series of extremely challenging environments.
The IFA test is designed to prove that Crew Dragon can escape a failing Falcon 9 rocket during the most mechanically stressful point of launch. Occurring around 80-100 seconds after liftoff and known as Max Q, it’s the point where Falcon 9’s velocity and altitude combine to create the most friction and pressure the rocket’s windward parts will experience on their climb to orbit. For Crew Dragon, this means its SuperDraco abort engines will have to work fight upwards against air that is functionally (but not literally) much thicker than it is at other points during flight – a battle that will simultaneously put even more pressure (mechanical stress) on the spacecraft’s surfaces.
Purely from a numerical perspective, the pressure at Max Q is typically around 30-35 kPa (4.5-5 psi), which doesn’t sound like much but can easily become a force to be reckoned with when the surface area of the rocket or spacecraft being impacted is as large as Crew Dragon (let alone Starship). For reference, Crew Dragon capsules likely have a conical surface area on the order of 30,000 square inches (~19 m²), meaning that the spacecraft is subjected to a total mechanical load of 50-60 metric tons (~130,000 lbf) at Max Q.
Traveling as fast as Mach 2.5 (860 m/s) at an altitude of 28 kilometers (17 mi) at the point where Crew Dragon will ignite its abort thrusters and attempt to escape, that very act of escape will likely magnify the mechanical stresses on the capsule even further. During Crew Dragon’s 2015 Pad Abort, for example, the spacecraft went from a standstill to 155 m/s (345 mph) in 7 seconds – an average acceleration of about 2.3 Gs. Crew Dragon C205 could thus find itself traveling almost Mach 3 (more than a kilometer per second) just seconds after separating and may ultimately reach a peak altitude of almost 75 km (45 mi).
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This is all to simply say that Crew Dragon is going to be subjected to an array of varying extremes in a very short period of time, during and after which it must still successfully control its orientation, avoid tumbling, detach its trunk section, and deploy a series of parachutes to achieve a fully-successful test. Additionally, the In-Flight Abort test will see Crew Dragon launch on an almost orbit-worthy Falcon 9 upper stage (lacking only a functional Merlin Vacuum engine) and thrice-flown booster B1046.
According to CEO Elon Musk, it simply is not going to be possible to prevent the historic booster – the first Falcon 9 Block 5 rocket ever launched – from being destroyed shortly after Crew Dragon attempts its escape. Once Dragon departs Falcon 9, the upper stage will likely be torn to shreds by the supersonic airstream suddenly buffeting it, ultimately exposing Falcon 9 B1046’s unchanged interstage – effectively a giant, open cylinder closed at its base.
Likely still travel supersonic, the results of the airstream entering Falcon 9’s interstage and finding no exit will likely be akin to a glass cup smashing mouth-first into a brick wall with a bowling ball taped to its bottom. Thankfully, Falcon 9 B1046 has already successfully supported three orbital-class launches since it debuted in May 2018, completing its third flight just seven months later. The booster will be missed and the opportunity cost (at least several more orbital-class launches) is definitely non-zero, but its sacrifice sill be for a good reason.
As Musk notes, if the In-Flight Abort goes as planned, it could pave the way for Crew Dragon’s first NASA astronaut launch – known as Demo-2 – as few as 6-8 weeks later. For now, Crew Dragon’s IFA test is scheduled to launch no earlier than (NET) January 18th, likely around 8 am EST (13:00 UTC).
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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.
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
