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SpaceX Falcon 9 and $1B satellite trio set for first California launch in months

Falcon 9 B1051 will be the first Block 5 booster to fly again after a low-energy low Earth orbit (LEO) recovery. (Pauline Acalin)

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After the better part of both half a year of launch delays and launch pad inactivity, SpaceX and Falcon 9 are ready to return the company’s California-based SLC-4 facilities to action with the launch of the $1 billion Radarsat Constellation Mission (RCM).

Built by Maxar for the Canadian Space Agency (CSA), RCM is a trio of remote-sensing spacecraft designed with large surface-scanning radars as their primary payload. Having suffered years of technical delays during Maxar’s production process, RCM was initially available for launch as early as November 2018. In an unlucky turn of events, issues on the SpaceX side of things took RCM’s assigned Falcon 9 booster out of commission and lead to an additional seven or so months of launch delays. At long last, RCM is just one week away from heading to orbit, scheduled to launch from Vandenberg Air Force Base (VAFB) no earlier than 7:17 am PDT (14:17 UTC), June 12th.

The Goldilocks booster

Once the three RCM satellites were effectively complete, a series of unfortunate circumstances combined to delay the constellation’s launch almost indefinitely. The first domino fell in December 2018, when Falcon 9 Block 5 booster B1050 – having successfully supported Cargo Dragon’s CRS-16 launch – suffered a failure that prevented a successful landing. Incredibly, the booster did survive its accidental Atlantic Ocean landing and is now sitting in a SpaceX hangar, but B1050 is unlikely to ever fly again.

This posed a problem for Maxar and the Canadian Space Agency (CSA), who seem to have contractually requested that RCM launch on either a new or very gently flight-proven Falcon 9 booster. The problem: SpaceX had none of either option available for RCM after B1050’s unplanned swim and needed to balance the needs of several other important customers. Several Block 5 boosters were technically available but all had two or even three previous launches under their belts.

Moving into 2019, SpaceX is likely just months away from its next triple and quadruple-reuse milestones.
Falcon 9 B1046 completed SpaceX’s first triple-reuse of a booster just days after B1050’s failed landing. (Pauline Acalin)

Meanwhile, SpaceX’s booster production had been almost entirely focused (and would remain so months after) on building four new Falcon Heavy boosters and the first expendable Falcon 9 Block 5 booster, reserved for the US Air Force and a long-delayed customer. Since those five boosters were completed and shipped out, just one additional booster (B1056) has been finished, launching Cargo Dragon’s CRS-17 mission just one month ago.

In short, had Maxar/CSA waited for a new booster, RCM’s launch would likely be delayed at least another 30-60 days beyond its current target of June 11th. Instead, they downselected to Falcon 9 B1051, then in the midst of several months of prelaunch preparations for Crew Dragon’s launch debut (DM-1). DM-1 went off without a hitch in early March, after which the gently-used B1051 underwent a brisk ~45 days of inspection and refurbishment before heading west to SpaceX’s VAFB launch pad.

Falcon 9 B1051 was spotted by Jean-Michel Levesque traveling through Northern California on May 1st. (Twitter – Jean-Michel Levesque)

Billion Dollar Babies

From an external perspective, forgoing a twice or thrice-flown Falcon 9 Block 5 booster after nearly a dozen successful demonstrations does not exactly appear to be a rational decision. However, whether it was motivated by conservatism, risk-aversion, or something else, Maxar and CSA likely have every contractual right to demand certain conditions, as long as they accept the consequences of those requirements. In the case of RCM, the customers accepted what they likely knew would be months of guaranteed delays to minimize something they perceived as a risk.

To some extent, it’s hard to blame them. After going more than $400M over budget, the Maxar-built trio of upgraded Radarsat satellites are expected to end up costing more than $1 billion. CSA’s annual budget typically stands around $250M, meaning that this single launch is equivalent to four years of space agency’s entire budget. A failed launch would be a huge setback. Additionally, RCM will likely become the most valuable payload ever launched by SpaceX, beating out the Air Force’s ~$600M GPS III SV01 spacecraft by a huge margin. For RCM, mission assurance is definitively second to none.

SpaceX’s Vandenberg landing zone – deemed LZ-4 – is less than 1500 feet (500 meters) away from its SLC-4E launch pad. (SpaceX)
SpaceX christened its LZ-4 West Coast landing zone in October 2018. (Pauline Acalin)

If all goes as planned, Falcon 9’s RCM launch should also mark the second use of SpaceX’s West Coast landing zone (LZ-4), christened during the October 2018 launch of SAOCOM 1A – coincidentally, also a radar-carrying Earth observation satellite. This means that press photographers (including Teslarati’s Pauline Acalin and Tom Cross) will have their second chance ever to capture remote images of a SpaceX booster landing.

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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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