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SpaceX a bastion of independent US, European spaceflight amid Russian threats
Russia has invaded Ukraine without provocation, triggering a series of diplomatic responses – sanctions in particular – that recently culminated in the aggressor deciding to cut ties with Europe on a number of cooperative spaceflight projects.
Dmitry Rogozin, director of Russia’s national ‘Roscosmos’ space agency, went as far as implying that the country might respond to the West’s aerospace sanctions by ending its support of the International Space Station (ISS), a move that could cause the football-field-sized structure to gradually deorbit and reenter Earth’s atmosphere. Were it not for the existence of two extraordinarily successful NASA programs and SpaceX in particular, Russia’s response – which, today, reads like a child’s tantrum – could easily have been a grave threat with far-reaching consequences.
In response to sanctions after its unprovoked invasion, Russia announced that it was withdrawing support from Europe’s French Guinea Soyuz launch operations, effectively killing Arianespace’s Soyuz offering and potentially delaying several upcoming European launches indefinitely.
As a quick side note, it’s worth noting that ULA’s lack of readily available rockets and the fact that Arianespace is likely at least a year or more away from regular Ariane 6 launches means that SpaceX may be the only Western launch provider in the world capable of filling in the gap that Arianespace’s Soyuz loss will leave. Aside from pursuing Chinese launch services, which is likely a diplomatic non-starter, the only alternative to rebooking former European Soyuz payloads on SpaceX rockets is to accept one or even several years of expensive delays.
On the other half of the coin is the International Space Station. NASA signed its first major contract with SpaceX in 2008, awarding the company $1.6 billion (and up to $3.5 billion) to launch a dozen Cargo Dragon supply missions to the ISS. Aside from effectively pulling SpaceX back from the brink of dissolution, those funds also covered a large portion of the development of its Falcon 9 rocket and Dragon spacecraft and simultaneously funded Orbital Science’s (later Orbital ATK and now Northrop Grumman) Cygnus cargo spacecraft and Antares rocket.
Despite suffering two failures in 2014 and 2015, NASA’s Commercial Resupply Services (CRS) program has been an extraordinary success. Together, Cygnus (17) and Dragon (24) have completed 41 deliveries in the last 12 years, carrying more than 110 tons (~240,000 lb) of cargo to the ISS.
Out of sheer coincidence, on February 19th, mere days before Russia’s act of war, Northrop Grumman launched the first Cygnus spacecraft designed to help ‘re-boost’ (raise the orbit of) the International Space Station. Since NASA’s premature 2011 retirement of the Space Shuttle, that task has been exclusively conducted by a combination of Russian spacecraft and the station’s Russian Zvezda module. Without regular Russian re-boost support, the station would deorbit and be destroyed. In other words, if push came to shove, the ISS could very literally fail without direct Russian involvement. Rogozin’s threat, then, was that Russia might cease to support ISS re-boosting if sanctions went too far.
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However, even while ignoring the fact that NASA itself actually paid for and owns the ISS Zvezda propulsion module and in light of the first Cygnus spacecraft upgraded with a re-boost capability berthing with the station the very same week of the invasion, Russia’s threat rang decidedly hollow. Further, if Cygnus weren’t available, it’s still difficult to imagine that SpaceX wouldn’t be able to quickly develop its own Dragon re-boost capability if asked to do so.
While re-boosting is crucial, the situation has also emphasized just how little leverage Russia now has over even more important aspects of the International Space Station. Were it not for the existence of SpaceX and NASA’s Commercial Crew Program (CCP), the situation could be even direr for Europe and the US. Despite some pressure from lawmakers to only award the CCP contract to Boeing, NASA ultimately selected Boeing and SpaceX to develop independent crew capsules capable of carrying US astronauts to and from ISS in 2014. Following a near-flawless uncrewed Crew Dragon test flight in 2019 and an equally successful crewed demo mission in 2020, SpaceX completed its first operational Crew Dragon launch in November 2020.
Since then, SpaceX has launched another two operational ‘crew rotation’ missions, meaning that the company has now singlehandedly supported all US astronaut launch and recovery operations for 16 months. Due in part to extensive mismanagement, Boeing’s Starliner spacecraft was nearly destroyed twice during its first catastrophic uncrewed test flight in December 2019. The spacecraft is still months away from a second attempt at that test flight, likely at least 9-12 months away from a hypothetical crewed test flight, and potentially 18+ months away from even less certain operational NASA astronaut launches. Further, though ULA CEO Tory Bruno claims that the company doesn’t need any support from Russia, all Atlas Vs – the rocket responsible for launching Starliner – depend on Russian-built RD-180 engines.
Further adding to the mire, even Cygnus is not immune. The first stage of the Antares rocket that mainly launches it is both built in Ukraine and dependent upon Russian Energomash RD-181 engines. Northrop Grumman only has the hardware on hand for the next two Cygnus-Antares launches, at which point the company will have to either abandon its NASA contract or find an alternative launch provider. Once again, SpaceX is the only US provider obviously capable of filling that gap on such short notice and without incurring major delays of half a year or more.
In fewer words, without SpaceX, NASA would still be exclusively dependent upon Russian Soyuz rockets and spacecraft to get its astronauts to and from the space station it spent tens of billions of dollars to help build. Even in a best-case SpaceX-free scenario, NASA might instead be dependent upon a rocket with Russian engines to launch its own astronauts. Needless to say, the presence of US astronauts on Russian launches and ULA’s use of Russian engines were already extremely sensitive issues after Russia ‘merely’ invaded Ukraine’s Crimea region in 2014.
It’s hard not to imagine that US and European responses to Russia’s aggression would have been weakened if NASA and ESA astronauts were still entirely dependent upon Russia to access the International Space Station. Further, in the same scenario, given its withdrawal from French Guinea, it’s also not implausible to imagine that Russia might have severely hampered or even fully withdrawn its support of Western access to the ISS.
Put simply, Crew Dragon – now a bastion of independent European and US human spaceflight in an age of extraordinary Russian recklessness – has arguably never been more important and SpaceX’s success never more of a triumph than they are today.
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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
