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SpaceX's Texas Starship factory set to receive more parts from Florida
After successfully delivering Starship hardware and manufacturing tools to SpaceX’s Boca Chica, Texas rocket factory and launch facilities, the company has begun preparing a second load of parts to be shipped from Florida to Texas in the near future.
This is the latest chapter in a saga that began when SpaceX revealed that it would effectively pause its Florida Starship manufacturing operations and reassign most of its affected employees. Since SpaceX’s early-December confirmation, the company’s Cocoa, Florida Starship production hub has been more or less at a standstill, only interrupted once and awhile by efforts to either scrap hardware that is no longer needed or send it to Texas, where SpaceX has redoubled efforts to build the next series of Starship prototypes.
Teams in Florida are still working tirelessly to construct a massive Starship launch mount at Pad 39A believed to be capable of supporting full-scale Starship and Super Heavy static fires and launches, confirmation that SpaceX is likely only temporarily halting Starship production in the region. Nevertheless, the focus is now unequivocally on SpaceX’s Boca Chica facilities, where the company is rapidly building and expanding manufacturing facilities and constructing the next full-scale Starship prototype (SN01).
Although manufacturing operations have been paused in Florida, the existing Cocoa facility still has a huge amount of Starship hardware strewn about, most of which appears to be bound for scrapyards. Some of that hardware and infrastructure, however, can be salvaged and used elsewhere by SpaceX, and that is exactly what the company is now doing.
Most recently, SpaceX loaded transport ship GO Discovery with two giant steel stands and a completed Starship dome and transported that hardware from Port Canaveral, Florida to Port of Brownsville in early-December 2019. After arriving, SpaceX moved the rocket parts and infrastructure by road to its Boca Chica facilities, where they have since been stored until they’re needed.
At the moment, the almost-finished Starship Mk2 prototype remains at SpaceX’s Cocoa factory in three giant pieces – a cylindrical tank and engine section, the start of a curved nose section, and the tip of that nose section. It remains to be seen what the fate of those rocket parts is, as much of the structure could theoretically be sent to Texas to expedite Starship SN01 production and assembly. However, the utility of those parts is likely almost entirely dependent on their quality and the design and fabrication delta between them and whatever SpaceX has in mind for the next phase of prototypes.
SpaceX continues to develop Starship in largely the same way it worked on Falcon 9 booster landings, beginning with a minimum viable product (Grasshopper/Starhopper) and gradually improving the test hardware into something much more reminiscent of the real deal (F9R/Starship Mk1, Mk2). Ultimately, all the experience gained and lessons learned from building and flying those increasingly more complex prototypes is merged with true orbital-class flight hardware.
It appears that SpaceX (or at least CEO Elon Musk) believes that the company may have already learned enough from Starhopper and Starship Mk1/Mk2 to graduate directly to some form of serial production – implied by his statement that the next Texas prototype will now be known as Starship SN01. Formerly Starship Mk3, Starship SN01 will be built with an array of refined or fully-new production and assembly processes, hopefully resulting in a prototype that is significantly more refined than Starship Mk1, which is believed to have been intentionally destroyed during pressure testing in November 2019.
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In line with that strategy, SpaceX is preparing to ship more upgraded Starship hardware and infrastructure from Florida to Texas.
Based on photos taken in the last few days by local photographer and observer John Winkopp, GO Discovery’s next shipment will include a number of rolls of stainless steel stock, another steel stand for Starship ring assembly, and parts of another unfinished Starship tank dome.
Altogether, it’s possible that Starship SN01 assembly will end up taking far less time than Starship Mk1 or Mk2. Musk believes that that new and improved Starship prototype could be ready for flight testing as early as February or March 2020.
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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.
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.
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
