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SpaceX lands 100th Falcon booster

SpaceX's 1st and 100th Falcon booster landings - exactly six years apart. (SpaceX)

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Exactly six years after its first successful recovery, SpaceX has landed a Falcon booster for the 100th time.

On December 21st, 2015, the first Falcon 9 V1.2 Full Thrust (Block 1) rocket lifted off from SpaceX’s Cape Canaveral LC-40 launch pad on the company’s return-to-flight mission after a catastrophic in-flight failure just six months prior. Unwilling as ever to waste an opportunity, no matter how important the mission, SpaceX – on top of debuting a major Falcon 9 upgrade – chose to take advantage of the return to flight to attempt to land a Falcon booster back on land for the first time ever. Ultimately, on top of successfully deploying multiple Orbcomm OG2 communications satellites in orbit for a paying customer, Falcon 9 booster B1019 sailed through its boostback, reentry, and landing burns without issue. About nine minutes after liftoff, the rocket ultimately touched down on a concrete “landing zone” just a few miles from where it lifted off with uncanny ease relative to SpaceX’s numerous failed attempts in the ~18 months prior.

Exactly six years later, on December 21st, 2021, Falcon 9 booster B1069 lifted off from Kennedy Space Center (KSC) Pad 39A with an upgraded, flight-proven Cargo Dragon in tow for SpaceX’s 24th International Space Station (ISS) resupply mission. CRS-24 also marked the company’s 31st and final launch of 2021, representing more successful Falcon launches completed in a single year than SpaceX had even attempted in its entire nine-year history up to the point of that first successful booster landing.

Unlike B1019 and its anxiety-ridden launch and first-of-its-kind recovery attempt, Falcon booster landings are now not only routine but expected. For SpaceX, a launch without a landing – intentionally or by accident – is now so unusual that it’s practically more newsworthy than the alternative. Of the 57 launches SpaceX has now completed in the last two years, only 4 did not include a successful booster landing – of which only the loss of one was intentional.

CRS-24 was no different. About nine minutes after liftoff, after a flawless ascent, stage separation, and reentry burn, Falcon 9 B1069 fired up its engines once more and landed softly aboard drone ship Just Read The Instructions (JRTI). Anything less would have been an oddity and a major loss for SpaceX, given that a full four Falcon boosters have already singlehandedly supported nine or more launches. The unintentional loss of any booster is already hard to swallow but it’s even more painful to lose a new booster that might have otherwise bastioned SpaceX’s fleet and supported another 10+ launches in just a year or two.

Pictured here in June 2021, Falcon 9 booster B1060 completed eight launches in just 12 months. B1058 – slightly older – completed the same feat one month prior. (Richard Angle/SpaceX)

Thankfully, no such fate befell B1069 and the booster now has a potentially long and productive life of launches in front of it. With just a single NASA mission under its belt, the Falcon 9 is a prime candidate to launch SpaceX’s upcoming Axiom-1 private astronaut mission, though it could just as easily support any number of upcoming missions for the US military, NASA, the Italian Space Agency (ASI), or other major customers.

Now safely in orbit, the uncrewed Dragon 2 capsule C209 – carrying 3 tons (~6500 lb) of cargo – will make its way to the ISS for the second time and dock with the station as early as 4:30 am EDT (09:30 UTC), Wednesday, December 22nd. It’ll be the capsule’s second space station arrival in a little over six months.

Pad 39A lets off some steam after its 12th and final launch of 2021. (Richard Angle)

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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