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SpaceX on track for first four-launch month ever

Falcon 9 lifted off on June 3rd for SpaceX's first launch of the month. (Richard Angle)

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With the first mission under its belt, SpaceX is on track to complete four orbital-class launches in a single month for the first time ever, an encouraging sign as it seeks to rapidly deploy its Starlink constellation.

A June 3rd launch of 60 Starlink v1.0 satellites – the seventh such mission – kicked off SpaceX’s potentially record-breaking month while also marking the first time a Falcon 9 booster has successfully launched and landed five times. Itself coming just a week after SpaceX successfully launched NASA astronauts to the International Space Station for the first time ever, the company has done the exact opposite of resting on its laurels after that historic achievement.

Aside from Starlink V1 L7, SpaceX has another two Starlink missions scheduled to launch no earlier than (NET) June 12th and 24th, as well as a critical US military GPS satellite launch NET June 30th. While the margins are exceptionally thin, there’s still a decent chance that June 2020 could wind up being SpaceX’s first four-launch month.

In support of SpaceX’s first June 2020 launch, Falcon 9 B1049 became the first booster to successfully complete five launches. (Richard Angle)

Of course, there are many, many reasons that that might not happen. SpaceX has completed more than two-thirds of its 88 successful launches in the last three and a half years, a little more than a third of the time Falcon 9 has been operational. In those 3.5 years, the company has managed to achieve three launches in a single month on four separate occasions – most recently in January 2020, while the closest SpaceX has come was four launches in 32 days in 2017. As such, a four-launch month wouldn’t exactly be game-changing relative to SpaceX’s past achievements, but it would leave the company on pace for 2020 to be its most productive year yet.

As of now, SpaceX has completed nine launches in a little over five months, pacing towards a tie with 2018, when it completed a record 21 missions. If SpaceX manages four – or even three – launches this month, its moving average for the year will jump to 22 or 24.

Five launches, one booster. (SpaceX, SpaceX, SpaceX, Richard Angle, Richard Angle)

Regardless, a four-launch month is only possible this June because of SpaceX’s recent success upgrading a second drone ship – Just Read The Instructions (JRTI) for East Coast recovery operations. With Starlink V1 L9 and GPS III SV03 scheduled on June 24th and 30th, there would be no way for drone ship Of Course I Still Love You (OCISLY) to head out to sea, return after Starlink V1 L9, and return to its landing zone in the Atlantic in time for another booster recovery.

Drone ship JRTI supported its first rocket landing in almost 18 months on June 3rd. (SpaceX)

By completing its June 3rd East Coast debut and June 7th return to port, drone ship JRTI can now be considered operational and should offer a new level of flexibility to SpaceX, potentially enabling more than four drone ship landings in a single month. Add in SpaceX’s twin Cape Canaveral Landing Zones (LZ-1/2) and the company should soon have the ability to perform dozens of Falcon 9 launches annually in a repeatable, reliable fashion. At least for the next year or two, SpaceX should have no shortage of payloads – both commercial and internal – to launch as it gradually improves its launch cadence.

SpaceX has 14 commercial launches scheduled in the second half of 2020, while an additional 20-24 Starlink launches were planned around the start of the year. If the company can pull off three Starlink launches this month, it will be on track to complete ~18 this year – more than enough to begin a limited service roll-out to customers around the world. For now, Starlink V1 L8 is scheduled to launch no earlier than (NET) ~5:30 am EDT (09:30 UTC) on Friday, June 12th. Falcon 9 booster B1059, an expendable upper stage, and 60 new Starlink satellites could roll out for their prelaunch static fire anytime within the next few days.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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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.

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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.

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.

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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

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.

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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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