News
SpaceX bids goodbye to older Falcon 9s with Florida ‘jellyfish’ launch spectacle
SpaceX’s final Block 4 Falcon 9 has completed its second and last orbital mission with a spectacular sendoff visible for hundreds of miles along the East Coast, harkening back to “alien invasion” comparisons that followed an equally stunning SpaceX launch from California last December.
Although the Falcon 9 booster was expended in the Atlantic Ocean minutes after launch, its upper stage remains in orbit in an experimental test of its lifespan, while the mission’s flight-proven Cargo Dragon spacecraft separated from the rocket and headed to the International Space Station with a promise of a possible third orbital reuse in 2019. This mission’s Dragon capsule flew for the first time in late 2016 for the CRS-9 mission and spent the two years since then having its heat shield and other major components refurbished or replaced, likely at a cost to SpaceX less than half that of constructing a brand-new Dragon spacecraft.
Falcon 9 B1045 lounges in the Florida summer humidity, hours before its second and final launch. (Tom Cross)
According to Jessica Jensen, SpaceX’s Director of Dragon Mission Management, SpaceX’s Dragon refurbishment team has also gotten considerably more efficient over several years of experience reusing the orbital spacecraft, now up to three reflights of three separate capsules. She noted in the postlaunch conference that – if all major components are healthy upon CRS-15’s early-August return to Earth – this capsule could be refurbished for its third mission in as few as months, which would make it one of the last Dragon 1 launches before the upgraded Dragon 2 begins crewed flights and takes over all cargo missions. After CRS-15, five more of those Cargo Dragon flights remain until CRS-2’s 2020 takeover, all of which will utilize flight-proven capsules.
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- CRS-15’s dramatic pre-dawn launch. (Tom Cross)
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- The extraordinary plume was lit up by the sun before it had risen above the Eastern horizon. (Tom Cross)
Falcon 9, on the other hand, reached a truly historic milestone today for SpaceX – B1045’s second and final flight marks the last rocket SpaceX will fly that does not feature a number of upgrades designed to dramatically improve booster reusability. Known as Falcon 9 Block 5, all future SpaceX missions (at least until BFR’s debut sometime in the early 2020s) will be launched aboard the upgraded rocket. If it works as intended, Block 5 should theoretically enable a rapid and affordable level of reusability never before achieved by Falcon 9 or any other rocket, for that matter.
https://twitter.com/_TomCross_/status/1012694524987092992
While still more than a little disheartening to see a Falcon 9 booster intentionally expended after launch, the spectacle created by B1045’s final flight was fitting, to say the least. Thankfully, the Block 5 takeover of all future SpaceX Falcon 9 and Falcon Heavy launches is likely to also result in a dramatic reduction in SpaceX’s willingness to expend flight-proven rockets after launch. Whereas Block 3 and 4 Falcon 9s were never designed to affordably and safely fly more than two or three times total, minimizing any opportunity cost from expending twice-flown rockets after launch, Block 5 has been purpose-built to allow individual boosters to fly a bare minimum of 10 times with minimal refurbishment and as many as 100 times with regular maintenance. Unless Block 5’s design fails to achieve that level of reusability, SpaceX is extremely unlikely to expend Block 5 boosters unless they have flown a number of times to extract as much value as possible from them.
Up next on SpaceX’s manifest are two back-to-back Falcon 9 Block 5 launches, Iridium-7 from California on July 20 and Telstar 19V from Florida less than 18 hours later. Both Block 5 boosters will be recovered aboard SpaceX’s fleet of drone ships, Just Read The Instructions (JRTI) to the West and Of Course I Still Love You (OCISLY) to the East.
Follow us for live updates, peeks behind the scenes, and photos from Teslarati’s East and West Coast photographers.
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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.
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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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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.
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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
