News
SpaceX sticks dramatic drone ship landing, third reuse flight a resounding success
SpaceX has once more accomplished what the launch industry long dismissed as infeasible, conducting their third commercial reuse of a recovered Falcon 9 booster. This particular mission was tasked with launching the 5,200 kg SES-11/Echostar 105 communications satellite into a geostationary transfer orbit. Once it makes its way into the final geostationary orbit, the satellite can be expected to provide communications services to North America in the form of digital television.
After the Falcon 9 booster separated from the second stage, it conducted a rapid 180 degree flip in order to orient itself towards the landing target, an autonomous spaceport drone ship (ASDS) stationed several hundred miles East of the Kennedy Space Center. The hypersonic booster then slowed itself down from roughly 5,000 mph with a series of two burns, culminating in the stage’s second recovery after an orbital-class launch. The booster, 1031, was previously tasked with launching the 10th cargo Dragon mission to the ISS, later landing at SpaceX’s land-based LZ-1 pad in February 2017.
- SpaceX recovered core 1031, which launched CRS-10, in February 2017. (SpaceX)
- Falcon 9 1031 lifts off for the second time from LC-39A. (Tom Cross/Teslarati)
This time around, 1031 got a taste of the ocean while landing aboard Of Course I Still Love You (OCISLY), despite sea conditions that were deemed relatively rough and stormy. It is unlikely that 1031 will ever launch again, as it is a Block 3 Falcon 9 and thus intended to only be reused once or twice. Nevertheless, this core will add to SpaceX’s ever-growing fleet of both operational and decommissioned Falcon 9 cores, most of which are stored in and around SpaceX’s Florida facilities.
This landing and recovery was quite possibly the most dramatic yet for SpaceX. While rapidly reentering into Earth’s thickening atmosphere, the stage experienced extraordinary heating that resulted in the aluminum grid fins nearly glowing white, and the same camera caught gorgeous interplay between ionizing gases coming off the stage and its final landing burn. For a solid minute thereafter, ground control lost the video feed from the first stage, seemingly foreshadowing the core’s untimely demise. However, cameras aboard OCISLY maintained their live coverage and revealed the stage’s successful landing aboard the drone ship soon after.
- Falcon 9 1031 on its way to OCISLY. (SpaceX)
- An incredible view of Falcon 9’s older aluminum grid finds glowing white-hot during reentry. (SpaceX)
- A gorgeous view of Earth’s curvature and orbital sunset. (SpaceX)
The second stage continued to orbit, coincidentally catching an incredible view of the sun setting behind Earth’s limb just before its first orbital insertion burn ended. After a coast period of some 20 minutes, the second stage reignited to boost the SES-11/EchoStar 105 satellite into its final transfer orbit, after which the satellite separated from the stage and continued on its way. The Falcon 9 second stage will eventually reenter Earth’s atmosphere and break apart before impacting the ocean, a process that may be expedited if the vehicle has enough residual fuel to hasten the orbital decay.
Put simply, SES-11/EchoStar 105 demonstrates SpaceX’s growing consistency and the resounding success they are having with the routinization of rapid launch cadence and commercially reusable rockets. The mission is the company’s 15th in 2017 alone, as well as the 12th successful recovery of a first stage this year and the 18th successful recovery total. More importantly, its launch was the third commercial reuse of a Falcon 9 first stage, paving the way for future reuses as the endeavor’s record of success continues without flaw.
- Another example of the intense reentry this Falcon 9 experience during its recovery. (SpaceX)
- 1031 seen just after landing aboard OCISLY. (SpaceX)
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.









