From Futurism · Victor Tangermann · · 50s
SpaceX Starship Orbits But Stock Drops
Starship reaches orbit but SpaceX stock falls after successful test
In brief
Starship reaches orbit but SpaceX stock falls after successful test Starship's orbital success doesn't boost SpaceX stock despite major milestone Originally reported by Futurism.
Starship reaches orbit
SpaceX's Starship achieved orbit during its 14th test flight, reaching 171 miles and 16,000 mph.
“Starship is orbital. Starship's in space. It's in orbit. That feels so good to say.”
Stock price drops
SpaceX stock fell one percentage point after the successful orbit insertion, with a three percent decline over five days.
NASA moon mission
NASA plans to test Starship ahead of its 2028 moon landing attempt, requiring orbital capability.
Launch challenges
Engineers faced confusion about orbital injection after losing one vacuum Raptor engine during the flight.
Starlink satellites
SpaceX deployed 26 Starlink satellites to expand its broadband satellite network.
Here's the gist
Starship's orbital success doesn't boost SpaceX stock despite major milestone
