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SpaceX ties 42-year-old Soviet record with last launch of 2022
SpaceX has tied a 42-year-old record with its 61st and final Falcon rocket launch of 2022.
Also marking the latest in a calendar year SpaceX has launched a rocket, a Falcon 9 lifted off from the company’s Vandenberg Space Force Base (VSFB) SLC-4E pad at 11:38 pm PST, Thursday, December 29th (7:38 UTC 30 Dec) carrying a tiny Earth observation satellite for Israeli company ImageSat International. Built by Israeli Aircraft Industries, the EROS C3 space telescope is the third of its kind and likely weighed just 400 kilograms (~900 lb) at liftoff, utilizing less than 1/40th of Falcon 9’s available performance in a reusable configuration.
The extremely light payload precluded the need for SpaceX to send drone ship Of Course I Still Love You (OCISLY) several hundred kilometers into the Pacific Ocean, likely saving several hundred thousand dollars. Instead, Falcon 9 booster B1061 lifted off for the 11th time, carried EROS C3 and an expendable Falcon 9 upper stage most of the way into space, and then boosted back towards the California coast to land less than a quarter-mile from SLC-4E.
EROS C3 was SpaceX’s 170th consecutively successful Falcon launch, 160th successful landing, and 132nd launch with a reused booster. But more importantly, the mission was also SpaceX’s 61st successful Falcon launch this year, tying a record that hasn’t been touched since 1980.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
In 1980, after two decades of gradual buildup, the Soviet Union managed to launch variants of its R-7 workhorse rocket 64 times in one calendar year. 61 of those launches were successful, setting a record that has been left unchallenged for decades. Only the R-7 family ever posed a threat to its own record, managing 55 successful launches in 1988, but its launch cadence – heavily driven by disposable Cold War reconnaissance satellites – plummeted with the fall of the Soviet Union and has never recovered.
Only in 2022, almost half a century later, has the R-7 family finally found a worthy challenger for its annual launch cadence record. That the challenger is a private company that had to legally force its way into parts of the US launch industry is arguably one of the deepest possible condemnations of the relative stagnancy US space launch capabilities experienced after the Apollo Program. But it also makes SpaceX’s achievement – accomplished with rockets that did not exist before the late 2000s – even more impressive.
Similar to the Soviet peak, an extraordinary period during which the R-7 family successfully launched 1181 times in 22 years, there is one main driving force behind the recent surge in SpaceX’s launch cadence. But instead of the Cold War, the force behind Falcon’s rise is SpaceX’s own constellation of Starlink internet satellites. Since operational launches began in November 2019, Starlink satellites were the primary payload on 66 of the last 125 Falcon launches. In 2022 alone, SpaceX launched 34 Starlink missions.
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In 2021, SpaceX completed 31 Falcon 9 launches, 17 of which were Starlink missions. In 2022, SpaceX’s 61 Falcon launches nearly doubled that peak year over year. For a few reasons, that annual doubling is unlikely to repeat itself anytime soon, if ever, but CEO Elon Musk has still issued SpaceX a target of 100 launches in 2023 – a 64% increase year-over-year.
Even that target will be a major challenge, but the EROS C3 mission holds a clue about one of the ways SpaceX can squeeze more out of its existing rockets and launch pads without needing to smash records. SpaceX’s busiest pad, Cape Canaveral’s LC-40, managed nine launches in the last three months of 2022. Its Kennedy Space Center LC-39A pad managed 18 launches over the year. Finally, EROS C3 was SLC-4E’s 13th launch of 2022.
While the California pad came in last, it does not have the same cadence constraints (Dragon and Falcon Heavy missions) as Pad 39A. And less than 12 days ago, SpaceX’s West Coast SLC-4E helped launch NASA and France’s SWOT water observation satellite. Having repeatedly demonstrated the ability to launch two Falcon 9 rockets in less than 12 days, SLC-4E has the potential to carry much more weight in the future. If SpaceX can improve the pad’s ease of use, it could feasibly support 20-25 launches per year, and potentially 30+ with further optimization.
With SLC-4E operating at a cadence of 25 launches per year and LC-40 and LC-39A both operating as-is, SpaceX could launch approximately 80 Falcon rockets in 2023. Ultimately, if SpaceX can maintain the Falcon family’s unprecedented streak of successful launches and improve the uptime of its existing pads, it’s hard to see the R-7 family’s annual cadence record making it to 2024. SpaceX also has a clear (but steep) path to 90+ Falcon launches next year, though simply mirroring its 2022 performance would still be an extraordinary feat.
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.
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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.
Inside Tesla’s secretive $10 Billion “Project Crystal Sun” filing
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
