News
SpaceX lifts soggy Falcon 9 Block 5 booster ashore after accidental splashdown
Independent group USLaunchReport has published a video capturing the entirety of SpaceX’s ad hoc East Coast Falcon 9 recovery operations, in which forlorn booster B1050 had to be carefully extracted out of the ocean after an unintentional soft-landing in the Atlantic following its successful Dec. 5 launch debut.
72 hours after B1050’s water landing and some painstaking preparation, the booster was towed to SpaceX’s dock space in Port Canaveral, where it spent just a brief few hours floating adjacent to drone ship Of Course I Still Love You and the rest of the company’s Florida fleet. Considerably less than twelve hours after arriving, technicians had already managed to lift the rocket out of the ocean and onto dry land, where another week or so was spent preparing Falcon 9 for transport.
Given the extent of the damage to the Block 5 booster’s interstage and the basic fact that SpaceX recovery technicians and engineers had never attempted anything quite like it before, it was fairly impressive that they took barely six hours to lift the booster out of the water, particularly considering that the rocket appeared to be filled with hundreds or even thousands of gallons of water. No visible damage was caused, although there was clearly some cause for extensive discussion and preparation per an unusually large and lengthy huddle of more than 30 employees prior to the beginning of the lift.
https://twitter.com/_TomCross_/status/1071886823721447424
Once on land, B1050 had an unusual sling placed exactly where the Falcon 9 booster’s liquid oxygen (LOx) and kerosene (RP-1) propellant tanks were welded together, apparently a location that is particularly sensitive to off-nominal X-axis stress. To give context, imagine bending a cardboard tube or straw in half instead of trying to push its ends together – Falcon 9’s structure is quite similar in concept. Built primarily 5mm-thick sheets of lithium-aluminum alloy, Falcon 9’s propellant tanks are extremely thin and light while also being aggressively optimized for vertical (up and down) loading, i.e. the forces experienced while accelerating (and eventually decelerating) through the atmosphere during launch and landing.
As a result, SpaceX almost always pressurizes the first stage propellant tanks of Falcon 9 with nitrogen whenever boosters are horizontal without physical support at their bendy centers. In the case of B1050, SpaceX almost certainly concluded that using its waterlogged umbilical ports to inject nitrogen into its tanks was too much of a risk without knowing the precise condition of the piping and the tanks themselves, opting instead to go with a simple sling to prevent damage from unintended bending. Thankfully, B1050 appears to have made it through its dry land ordeal even better than the time it spent in the Atlantic, suffering no visible damage whatsoever.
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- Sad interstage is sad. (Tom Cross)
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- An almost impossibly rare view. (Tom Cross)
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- That’s no boat… (Teslarati)
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- SpaceX technicians had to go through the normal process of Falcon 9 booster recovery at a decidedly abnormal 90 degree delta. (Tom Cross)
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- Falcon 9 B1050 was spotted at CCAFS near hangars SpaceX leases for refurbishment. (Instagram/anonymous)
Somewhere between December 14 and 15, the booster was at long last lifted onto SpaceX’s primary East Coast booster transporter and carefully drove the rocket to one of its 2-3 Cape Canaveral Air Force Station (CCAFS) refurbishment and storage hangars, avoiding detection by all but a few passersby. This could full well be the last we see (and even hear) of poor old Falcon 9 B1050, but there is still a decent chance that SpaceX hopes the entire rocket or major components can be easily salvaged.
Given the extreme care taken during the booster’s lift onto land and the week it spent having legs and grid fins removed, it can be definitively concluded that an effort will be made to save the entire vehicle (sans interstage). If it has managed to make it through the past two weeks largely unscathed, it may well become the first Falcon 9 to conduct a dedicated launch of multiple Starlink satellites sometime in the second half of 2019, at least according to CEO Elon Musk’s vague suggestion that it could fly on an “internal SpaceX mission”.
We may use it for an internal SpaceX mission
— Elon Musk (@elonmusk) December 5, 2018
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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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.
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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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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.
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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.
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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
