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SpaceX to replicate Starbase, build multiple Starship launch pads in Florida
Less than two weeks after CEO Elon Musk revealed that SpaceX has restarted construction of a Starship launch site at Kennedy Space Center’s existing LC-39A pad, NASA has revealed the company’s plans for an entirely different Starship launch site just a few miles to the north.
Known as Launch Complex 49 (LC-49) and located where NASA once considered building LC-39C, a third Saturn-class pad to match 39A and 39B, NASA now says that SpaceX aims to develop the site into a dedicated Starship launch pad. The plot of land NASA deemed LC-49 as recently as 2017 sits about 1 mile (1.6 km) northwest of NASA’s LC-39B Space Launch System (SLS) pad and 3 miles (5 km) northwest of LC-39A, which SpaceX has leased since 2014 and launched out of since 2017. Unlike 39A, though, SpaceX has a huge amount of work – and major environmental reviews – ahead of it to turn LC-49 into a site capable of launching a rocket more than twice as powerful as Saturn V.
As of today, “LC-49” amounts to a mostly arbitrary dotted line on a map. Situated a few thousand feet south of the lovingly named Mosquito Lagoon Aquatic Preserve and Canaveral Seashore National Park, the site encompasses a variety of wild wetlands and is fully undeveloped. While substantially wetter, the land SpaceX hopes to develop is actually quite similar to the site that now hosts Starbase’s Starship launch facilities in Boca Chica, Texas. Prior to SpaceX’s arrival, the area was empty coastal mudflats.
To turn such a fragile and unstable area into an orbital launch site, SpaceX trucked in thousands of tons of soil, which then sat in a pile for three years ‘surcharging’ or compressing the ground beneath it. Ironically, while SpaceX did build a relatively small suborbital launch site where it surcharged, the company has built the site’s first orbital Starship launch pad a bit to the east, where no such preparations were made. That bodes well for the speed with which SpaceX could potentially build LC-49 from nothing, though it will likely be significantly more of a challenge.
Because NASA’s proposed LC-49 site is effectively swamp and marshland, SpaceX will have to create the ground any planned Starship launch site will stand on. It’s possible that soil surcharging will be required – and potentially on an even larger scale than what SpaceX did in Boca Chica. However, given that SpaceX ultimately didn’t even use that surcharged land to construct the orbital half of the pad, it’s possible that SpaceX will again be able to make do with less time-consuming construction methods. If SpaceX does more or less replicate an orbital launch site similar to Starbase’s, the pad could be ready to launch just 12-18 months later. NASA and SpaceX will have to complete environmental reviews along the way but given planning work that NASA’s already done over the decades, it’s possible that SpaceX will be able to start building LC-49 well before that process – which could take one or several years – is complete.
No less intriguing is NASA’s implication that SpaceX is simultaneously preparing to expand a facility it leases elsewhere at Kennedy Space Center. Currently used to process and store Falcon boosters, fairings, and upper stages, SpaceX has been clearing a lot beside that hangar that’s about the same size as the entirety of Starbase’s South Texas Starship factory. The obvious implication: SpaceX intends to both build and launch Starships out of multiple Florida launch pads.
Just a few miles south, CEO Elon Musk says that SpaceX has restarted work on a separate Starship launch pad situated on Pad 39A grounds after halting construction last year to focus on South Texas. SpaceX chose to entirely scrap the unfinished launch mount it had built, clearing the site for the construction of a new and improved version of Starbase’s orbital launch site. Altogether, SpaceX is now simultaneously constructing two orbital Starship launch pads (one at Starbase and one at 39A) and planning for the construction of two or three more (a second at Starbase and at least one or two at LC-49).
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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.
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.
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.
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
