News
SpaceX’s Pacific rocket recovery fleet heads to sea for Western Block 5 debut
SpaceX drone ship Just Read The Instructions was spotted by Teslarati photographer Pauline Acalin departing Port of Los Angeles on the evening of July 22, while fairing catcher Mr Steven completed final checkouts and full installation of his massive new net, hopefully just days away from the first successful fairing catch. Their call to action, Iridium NEXT-7, is scheduled to launch NET 04:39 PDT/11:39 UTC, July 25th.
Over the course of July, both vessels have been undergoing significant maintenance and upgrades. Mr Steven’s was perhaps the most extreme – his original arm and net apparatus was removed in its entirety and replaced with a massively upgraded system of arms, booms, and a brand new net, well and truly expanding the vessel’s catching area by a factor of four.
With a new net and arm span stretching at least 60 meters by 60 meters, Mr Steven’s improved fairing catching mechanism is now almost the same size as the landing area aboard SpaceX’s two autonomous spaceport drone ships – roughly 200ft x 300ft (60m x 90m). While presumably a pure coincidence, the size parallels apparently necessary to recover two very different components of Falcon 9 – the booster rocket and the payload fairings – is rather satisfying.

A last hurrah?
Intriguingly, ASDS Just Read The Instructions has stoically remained at SpaceX’s Port of San Pedro, CA berth for more than nine months, wholly unused despite the fact that the company has completed four additional missions since its last tasked booster recovery (October 2017, Iridium-3). It’s not a coincidence that all four of those Vandenberg AFB missions featured boosters that had already successfully launched and landed once before – SpaceX made a habit over the last four months of intentionally expending Falcon 9 boosters after their second missions, even when the launch conditions would allow for booster recovery.
This mission will thankfully bring an end to that understandable but still-painful practice, thanks to Iridium-7’s new Block 5 booster, B1048. Many of the months JRTI spent at berth were without the pod thrusters the drone ship needs to keep itself at the proper landing point once at sea, but JRTI departed the port with a full complement of four blue thrusters on the evening of July 22. However, it’s unclear how much SpaceX will need the vessel within just a month or two from today.
- A SpaceX technician works aboard the rain-soaked drone ship Just Read The Instructions, March 2018. (Pauline Acalin)
- More recently, all four thrusters were installed and tested both while berthed and at sea. May 11. (Pauline Acalin)
- JRTI captured conducting sea-trials by photographer Chuck Bennett. (Instagram, @chuckbennett)
At long last, SpaceX’s planned, built, and now-patiently-waiting West Coast landing zone is finally finished, permitted, and in the green to begin supporting Falcon 9 return-to-launch-site (RTLS) recoveries at Vandenberg Air Force Base. Effectively a basic copy of SpaceX’s now well-worn landing zone pair in Cape Canaveral, Florida, the company’s VAFB LZ-1 has been hinted at in two FCC launch permits for launches as early as the first and last weeks of September. Aside from Iridium launches, of which just one will remain after Iridium-7, nearly all of SpaceX’s West Coast launches are for fairly lightweight payloads that should easily allow Falcon 9 RTLS recoveries.
- Iridium-1’s successful and scenic landing on Pacific drone ship JRTI, January 2017. This could be an increasingly rare occurrence in the Pacific, thanks to SpaceX’s new land-based landing zone. (SpaceX)
- SpaceX’s West Coast landing zone is preparing for its debut, currently NET October 6th 2018. (Pauline Acalin/Teslarati)
Environmental conditions mean that JRTI will still be needed regularly for a handful of months (March through June) to avoid disrupting baby seals (pups, technically), but the vessel’s recovery efforts this week may be one of the last ‘off-season’ examples for months or even years to come. On the plus side, RTLS recovery at SpaceX’s VAFB landing zone will be an absolute dream for recovery technicians, as the LZ is directly beside the launch pad and hangar, where recovered Block 5 boosters can likely be refurbished or at least easily packaged and shipped to the Hawthorne factory.
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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.
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.





