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Virgin Galactic reaches space in rocket-powered plane, eyes space tourism in 2019
Virgin Galactic, the space tourism company founded by entrepreneur Richard Branson, has successfully made it to space for the first time with VSS Unity, their SpaceShipTwo-class rocket-powered plane, during the craft’s 4th test flight. This accomplishment makes Virgin the first US-based venture to carry humans to the edge of space since the Space Shuttle program ended in 2011, edging out others with similar goals such as SpaceX and Blue Origin. After taking off at 7:11 am this morning and detaching from WhiteKnightTwo, its custom airliner mothership, pilots Mark “Forger” Stucky and Rick “CJ” Sturckow reached a height 51.4 miles high in the craft to the edge of the stratosphere where they experienced weightlessness and the curvature of the Earth. This success brings the company one step closer to civilian tourist trips, something Branson hopes to achieve as early as 2019.
Our SpaceShipTwo traveling among the moon and stars 🌗 💫 🚀 pic.twitter.com/fDKdguHWoW
— Virgin Galactic (@virgingalactic) December 13, 2018
Unlike a traditional rocket which takes off from the ground, VSS Unity is flown to 43,000 feet underneath a specially designed airliner before being dropped and subsequently lighting up its rocket engines to power it vertically to an even higher altitude. After a 60-second engine burn speeds the craft to nearly three times the speed of sound, it continues its ascent, coasting until it reaches maximum altitude. A special “feather” system is then used for reentry, wherein the craft folds its wings and behaves like a traditional space capsule until the air thickens again, at which time the wings unfold again and behave like a space plane, gliding back to Earth and landing on a landing strip.
Becoming a passenger on one of VSS Unity’s future flights doesn’t come cheap, the price tag being $250,000 per 90-minute flight. However, given the 700 or so paid reservations, including several celebrities, it’s not the money that’s the challenge, it’s the technology. On October 31, 2014, Virgin suffered a crippling setback with the death of co-pilot Mike Alsubry and injury of pilot Peter Siebold when a predecessor craft crashed due to a combination of human error and an engineering flaw. The company received an abundance of criticism focused on whether the danger of space tourism made the rewards worthwhile, but after following recommendations set forth by the National Transportation Safety Board’s report on the incident along with further design and safety enhancements, they forged ahead to make today’s event a reality. Branson started Virgin Galactic in 2004.
- VSS Unity, a SpaceShipTwo-class space plane, takes in the view. | Credit: Virgin Galactic.
- VSS Unity, a SpaceShipTwo-class space plane, takes in the view. | Credit: Virgin Galactic.
- The pilots of VSS Unity, a SpaceShipTwo-class space plane, returning from their trip to space. | Credit: Virgin Galactic.
At 51.4 miles high, VSS Unity reached the technical definition of space, earning its pilots commercial astronaut wings by the US Federal Aviation Administration, although the usual international standard is the 62-mile “Karman line”. A typical NASA “sounding rocket”, a small rocket generally launched with equipment on board to take measurements and scientific experiments during an approximately 30-minute sub-orbital flight only, reaches anywhere from 30-80 miles above the Earth. That said, the lower altitude of VSS Unity also provides an opportunity for research, serving the dual-purpose of science and recreation. Four research payloads from NASA’s Flight Opportunities Program were on board its historic test flight as well as a test dummy, making the trip revenue-earning for the first time as well.
Virgin Galactic has more tests of VSS Unity planned before moving to Spaceport America in New Mexico where it will set up its tourism operation. Branson hopes to compete directly with Blue Origin, the rocket company founded by Amazon’s Jeff Bezos which also plans to ferry customers to space. Bezos’s venture will use a more traditional, reusable ground-based rocket, the New Shepard, that lands after returning from sub-orbit similar to SpaceX’s Falcon 9 first stages. Unlike Virgin, crewed flights and “pre-sales” have not yet been part of Blue Origin’s process, but plenty of information is available for potential customers on its website.
The parent company of Virgin Galactic (Virgin) has another space-based venture in its wings: Virgin Orbit. Using a system similar to NASA’s Pegasus rocket, a small rocket complete with payload will launch from a modified Boeing 747-400 airliner, the combo being called LauncherOne and Cosmic Girl, respectively. The company has its sights set on the small satellite industry, identifying a need that’s not currently being met by other launch providers, and its business model centers on proving low-cost access to space for existing companies, students, entrereneurs, and other types hoping to use space as part of their research or business endeavors.
Watch the below video clip for more on Virgin Galactic’s historic flight to space:
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.



