News
(Updated) SpaceX’s next launch is a first step to rival Comcast and Time Warner
Updated February 21: Due to strong upper-level winds, SpaceX has postponed the launch to the same time on Thursday, 6:17 a.m. PST, 9:17 EST. CEO Elon Musk took to Twitter to address the delay, “High altitude wind shear data shows a probable 2% load exceedance. Small, but better to be paranoid.”
Update: SpaceX has delayed the launch of PAZ and its Starlink prototype satellites from Sunday, February 18 to Wednesday the 21st in order to complete additional tests and checks of an upgraded payload fairing. Wednesday’s new instantaneous launch window remains unchanged – 6:17 a.m. PST, 9:17 EST.
Standing down today due to strong upper level winds. Now targeting launch of PAZ for February 22 at 6:17 a.m. PST from Vandenberg Air Force Base.
— SpaceX (@SpaceX) February 21, 2018
Not long after SpaceX’s recent, flawless Falcon Heavy debut, the company has completed a successful static fire of a flight-proven Falcon 9 on the West coast. SpaceX is preparing to send the Spanish government’s PAZ imaging satellite skyward aboard the same rocket that launched Formosat-5 for the Taiwanese government in August 2017.
Amazingly, this means that three of the four launches conducted by SpaceX in the last two months will have made use of reused Falcon 9 boosters, something I am choosing to take as foreshadowing for the coming months. By all appearances, the rocket company has been eminently successful in enacting a true industrial phase change towards the acceptance of flight-proven rocketry – a hard-earned achievement made possible by a combination of incredible reliability and unexpectedly positive responses from government agencies like NASA and the USAF.
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- SpaceX is readying one of three flightworthy reused boosters for its final flight, NET June 4. (SpaceX)
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- GovSat-1’s sooty booster from late January 2018. (Tom Cross)
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- Falcon Heavy’s incredible debut also featured two flight-proven boosters – the side cores were converted from reused Falcon 9s. (Bill Carton)
A relatively light payload, PAZ weighs in just shy of 1400 kg. However, despite a lack of confirmation, it is known that riding along with the imaging satellite are two highly significant prototype satellites, built by SpaceX itself. Deemed Microsat 2A and 2B in FCC licensing applications, the small 400 kg satellites will act as SpaceX’s first-ever flight test of integrated satellite hardware – a massive step towards realizing the company’s dream of Starlink, a global internet constellation meant to provide service of the same caliber (or better…) as providers like Comcast, Time Warner, and others. This will be a major moment if successful, and will make SpaceX the first US company to successfully launch its first prototype internet satellites intended for low Earth orbit (200-1000 miles above Earth), a factor that would make them far more viable as a competitive alternative to ground-based internet than the current heavyweights in geostationary orbit (30,000+ miles above Earth).
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Those distances are crucial: such a long distance between user and terminal (60,000+ miles round trip) results in what the average person would consider “lag” or simply unresponsive internet, where actions take as long as several seconds to register (such as clicking a link). This makes things like gaming, video chat, and more effectively unusable. However, thanks to the miniaturization enabled by the relentless progress of electronics technologies, tiny satellites (100-500 kg) with electric propulsion are rapidly becoming a viable alternative and threat to the massive (4000-8000 kg) communications satellites placed into geostationary orbit. Through mass production and lower costs to orbit, a giant network of magnitudes smaller satellites can realistically beat those giant satellites by being closer to the Earth. This means that more satellites in a given network will more frequently reenter the Earth’s atmosphere and be destroyed, requiring the constant launch of reinforcements, but this new paradigm is actually a viable strategy.
A beautiful string of Iridium NEXT satellites deployed into the sunrise. (SpaceX)
SpaceX’s own Microsats, prototypes for a constellation likely to be named Starlink, are quite possibly the most promising entrants among a sea of interested constellation operators. With the addition of laser-based communications links between each or most of the Starlink satellites planned to be placed in orbit, SpaceX’s constellation will be truly unique in its extreme flexibility as a giant, global mesh network.
By using lasers, latency (lag) will be far less significant and will enable SpaceX to distribute its network’s availability beyond the capability of any individual satellite, known as a decentralized network. As always, SpaceX’s choice to pursue such a configuration is extraordinarily ambitious. Still, the very fact that Microsat 2A and 2B are scheduled for launch just days from now suggests that the company’s near-silent satellite development program, employing several hundred people all over the West coast, has seen some considerable successes. In other words, it’s likely not a coincidence that the first flight test of a Starlink satellite will actually feature two satellites – one cannot test laser interlinks with just one satellite.
All things considered, fingers crossed for SpaceX on this flight-proven commercial mission. If all goes well with both PAZ and the Starlink prototypes, SpaceX will be one huge step closer to being able to provide truly universal, affordable, and high-quality internet.
Stay with us on Twitter and Instagram as Teslarati’s West Coast photojournalist, Pauline Acalin, will bring us on the ground coverage at California’s Vandenberg Air Force Base ahead of, and on the day of, the PAZ mission.
Follow along live as we cover these exciting proceedings live on social media!
Teslarati – Instagram – Twitter
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Pauline Acalin – Twitter
Eric Ralph – Twitter
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.
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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.
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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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Inside Tesla’s secretive $10 Billion “Project Crystal Sun” filing
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
