News
SpaceX’s Mr Steven spotted practicing Falcon 9 fairing catches with upgraded net
SpaceX’s fairing recovery vessel Mr Steven was spotted on Monday, August 13 conducting the first fairing recovery tests to involve actually craning a fairing half onto the huge, upgraded net, and doing so repeatedly in a short period of time. That practice will likely prove invaluable by allowing SpaceX to better understand the characteristics of Mr Steven’s fairing-catching net, rigging winches, and general operational behavior.
As SpaceX gradually approaches their next Falcon 9 launch from Vandenberg Air Force Base, the company is also preparing for Mr Steven’s next fairing recovery attempt, itself the second operational use of the vessel’s massively upgraded arms and net. Known as SAOCOM-1A, the Argentinian space agency’s Earth-imaging satellite is expected to launch no earlier than late September according to local South American media. Mr Steven’s late-July upgraded net debut was largely foiled by unpredictable winds in the region the fairing was parasailing, with that uncertainty preventing the fairing from getting close enough to its targeted landing position for Mr Steven to catch it out of the air.
It certainly appears that Mr Steven's net is capable of receiving a fairing half. Getting closer than ever. 8/13 #spaceX #mrsteven pic.twitter.com/Zqydum2FbB
— Pauline Acalin (@w00ki33) August 14, 2018
By all appearances, SpaceX is working hard to better understand how Mr Steven’s huge new net behaves when interacting with a Falcon fairing half, a reasonable goal in order to ensure that the first successful fairing catch is not foiled by something as simple as the half sliding down the net and cracking on Mr Steven’s deck. SpaceX’s fairings are incredibly fragile and are liable to irreparable crack at the slightest hint of off-nominal forces, meaning that all recovery efforts need to be extremely gentle if SpaceX ever hopes to recover and reuse those fairings halves multiples times, if at all.
- SpaceX technicians convene while testing Mr Steven’s net with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- SpaceX used a crane to test Mr Steven’s net with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- Mr Steven’s net spied testing off-center recovery operations with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- Mr Steven’s net spied testing off-center recovery operations with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- Mr Steven’s net spied testing off-center recovery operations with a Falcon fairing half, 08/13/18. (Pauline Acalin)
Still, even managing to reuse just one fairing half once for several launches (say, all California launches) would make a huge difference to the bottlenecked production line in SpaceX’s Hawthorne rocket and spacecraft factory, which is working around the clock to ramp up production of the upgraded Fairing 2.0 while also winding down the old Fairing 1.0 manufacturing apparatus. Intriguingly, it appears that SpaceX’s launch activity is likely to drop precipitously over the next several months, with no launches currently scheduled from the company’s two Florida pads in September or October – apparently due to a lack of payload availability rather than anything SpaceX-related.
Vandenberg will thus be the focus of SpaceX’s launch activities in September and October, hopefully supporting at least two missions. The first, SAOCOM-1A, is an Argentinian Earth observation satellite targeting a launch window in late September, reportedly delayed from September 5 to give SpaceX additional time to prepare Falcon 9. According to NASASpaceflight.com, SpaceX intends to refly Falcon 9 B1048 for this mission, giving the company just 6-8 weeks to refurbish the rocket and prepare it for the usual preflight static fire several days before launch. SAOCOM-1A will also likely mark the debut of SpaceX’s West Coast rocket landing zone, known as LZ-2.
Mr Steven lowering a fairing half into and out of the net today! Practice makes perfect.#spacex #mrsteven pic.twitter.com/oo4YAyWcuK
— Pauline Acalin (@w00ki33) August 14, 2018
While not yet solid, Iridium CEO Matt Desch acknowledged on August 13th that the company’s 8th and final SpaceX launch – Iridium NEXT-8 – would have its satellites ready no earlier than October, likely making it SpaceX’s subsequent payload after SAOCOM-1A. On the opposite coast, SpaceX’s next launch will be Telstar 18V – companion to 19V – on a new Falcon 9 Block 5 booster, currently scheduled for no earlier than 11:33 PM EDT, August 23. That Falcon 9 is already at Pad 40 preparing for a preflight static fire late this week or early next.
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!
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.
Elon Musk
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
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.





