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SpaceX’s youngest Falcon 9 booster returns to port after second launch
SpaceX’s youngest flight-proven Falcon 9 booster has returned to port after its second successful launch in ten weeks, preceded by the shrapnel of a destroyed payload fairing two days prior.
On June 30th, Falcon 9 B1060 lifted off for the first time, ultimately supporting SpaceX’s first operational US military satellite launch and completing the first successful booster landing after such a mission. Originally scheduled as early as August 29th, the same booster supported Starlink-11 on September 3rd, just 64 days after launching the US military’s GPS III SV03 satellite. In doing so, B1060 became the third Falcon 9 booster ever to launch twice in less than 70 days – all three instances of which occurred this year.
On the fairing recovery front, SpaceX’s Starlink-11 mission was not not nearly as lucky. Recovery ships GO Ms. Tree and GO Ms. Chief returned to Port Canaveral about 48 hours prior the Falcon 9 booster they launched on – but in a pile of jagged shards rather than two intact halves.
While SpaceX will have to continue chasing the ever-illusive double-fairing-catch it first tasted on July 20th, any recovery – even if just fragments – should still produce valuable data that can inform future recovery attempts and help prevent a similar fate from befalling future fairings. Outcome aside, the recovery also made for a spectacular port return for the (mostly) emptyhanded ships.
The success of Falcon 9 booster B1060’s second launch and ocean landing in 64 days is unequivocal, however. To support a combined commercial and Starlink launch cadence as ambitious as SpaceX’s in 2020, a heavy reliance on booster reuse – particularly with a focus on speed – was going to be a necessity. As a result of the unplanned loss of four Falcon Block 5 boosters between December 2018 and March 2020, SpaceX’s reuse-oriented decision to slow first stage production saw the company’s fleet of flightworthy boosters rapidly shrink.
Thankfully, Crew Dragon’s Demo-2 astronaut launch debut and the aforementioned GPS III SV03 mission introduced two new boosters – B1058 and B1060 – into circulation, resulting in a booster flight likely just large enough to support the lower bound of SpaceX’s 2020 launch ambitions. In late 2019 and early 2020, SpaceX executives revealed plans for anywhere from 24 to 36 launches this year – roughly two-thirds of which would be internal Starlink missions.
As the first Falcon 9 booster to be permitted to land after an operational National Security Space Launch (NSSL), B1060 would have been the perfect choice to support the first booster reuse during a US Air Force or National Reconnaissance Office launch. Much like NASA’s first launch on a flight-proven Falcon 9, though, that pathfinder qualification process would have likely necessitated 6+ months of inspections, reviews, and repairs. If not the first NSSL-sponsored reuse, B1060 would have also been a prime booster option for a more conservative customer or a high-value mission later this year or early next.
Instead, barely two months after its launch debut, SpaceX assigned B1060 to launch the 12th batch of Starlink satellites, pushing the internet constellation over the 700-satellite mark. In simple terms, the move implies that SpaceX is pushing as hard as ever to launch as many times as possible this year. As of now, SpaceX has launched 16 times in a bit more than eight months, averaging almost exactly two launches per month. If SpaceX continues that pace, it will beat its current annual record of 21 launches with ~24. If the company sustains the pace its kept over the last ~90 days, it could complete as many as 28 launches this year.
SpaceX’s September manifest certainly leans towards the latter option. Aside from two more Starlink missions scheduled in mid and late September, Falcon 9 booster B1062 is scheduled to debut with another GPS III satellite launch for the US military. Another five commercial missions have feasible launch targets in the fourth quarter, while it’s safe to assume that SpaceX will continue to target at least two Starlink launches per month for the indefinite future. Altogether, SpaceX has at least 15 more missions that will likely be ready to launch before the end of the year – plenty to sate Falcon 9’s ever-growing thirst.
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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.
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.
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
