News
SpaceX retracts Falcon 9 booster’s landing legs a second time after speedy reuse
Following the Falcon 9 booster’s second successful NASA launch in less than three months, SpaceX recovery technicians have once again rapidly retracted B1056’s four landing legs, also reused from the booster’s May 2019 launch debut.
On the heels of Falcon 9 B1056’s first speedy, leg-retracting recovery, a repeat of the booster’s impressive landing leg retraction debut – using the same legs, no less – serves as an excellent sign that whatever hardware changes were implemented are on the right track. As part of SpaceX and CEO Elon Musk’s interim goal of launching the same Falcon 9 booster twice in 1-2 days, a speedy recovery is an absolute necessity, and landing leg retraction is just one of the dozens of ways the company will need to optimize recovery and reuse to lower average turnaround times from weeks to days.
Falcon 9 B1056 completed its successful launch debut on May 4th, 2019, landing on drone ship Of Course I Still Love You (OCISLY) to preserve an ongoing Crew Dragon failure investigation at Landing Zones 1 and 2 (LZ-1/2). Situated just a few dozen miles off the coast of Florida, OCISLY returned to port with the booster barely a day after the landing, easily the fastest drone ship return yet.
Less than two days after arriving at Port Canaveral, SpaceX technicians had already begun the landing leg retractions in what was the first actual attempt in months. Falcon 9 Block 5 debuted back in May 2018 with comments from Musk indicating that retractable legs were one of several major reusability-focused changes, but SpaceX recovery technicians never got beyond a handful of partial tests in the second half of 2018.
This ended with a truly flawless full retraction of all four landing legs on May 7th, confirmed when booster B1056 was flipped horizontally, loaded onto a powered transporter, and driven back to a SpaceX refurbishment facility with all four scorched legs installed.
Even more impressively, although it’s impossible to know if the retracted legs were removed, inspected, and reattached during refurbishment, all four of those legs were unambiguously flown again on B1056’s second launch less than three months later. Some cursory analysis of photos of CRS-18 taken by SpaceX, NASA, and others definitively identifies all four landing legs as the same ones that flew on CRS-17 – installed in the same positions, no less.
At least in the context of the Falcon family of rockets, SpaceX’s ultimate goal is to dramatically lower the cost of Falcon 9 and Heavy launches by quickly, easily, and safely reusing every part of the rocket except its orbital upper stage, which makes maybe 10-15% of hardware costs. A magnitude reduction in costs is thus out of the question for the Falcon family – a challenge that will be tackled instead by Starship and Super Heavy, a new clean-sheet launch vehicle.
Nevertheless, it’s entirely possible that Falcon 9 missions will be able to launch for 3-5 times less than their current list price ($62M) within a year or two and definitely before the family is replaced by its successor(s). In fact, according to CEO Elon Musk, SpaceX has already lowered the average base price nearly 20%, cutting it to $50M to communicate some of the financial rewards of efficient reuse to its customers.
Of course, it’s important to remember that even if SpaceX gets to a point where it could technically cut its launch prices in half (or more), breaking even on a marginal cost basis does not account for SpaceX’s desire to recoup some of the $1B+ it has spent perfecting Falcon reusability. The fact that prices have (at least according to Musk) been lowered a decent amount is a good sign that SpaceX will choose market expansion over greed, but one can never be certain and Falcon 9 and Heavy pricing may very well never reflect their true reusability.
For now, SpaceX’s rapid progress from zero landing leg retraction to retracting the same booster’s same four landing legs twice in less than three months is an excellent sign that Block 5’s capabilities continue to be refined. In terms of milestones, the first launch of a thrice-flown booster is up next for Falcon 9, as is the first reuse of a recovered Falcon fairing half (or two).
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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.
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.
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
