SpaceX Starship Test Flight Today Could Lift Stock After 6.7% Drop
SPCX is trading near its 52-week low of $115.19 (0.4% above the low).
Summary
SpaceX is attempting its 13th Starship test flight today after a weeklong delay due to an engine issue. The launch, scheduled for 6:45 p.m. ET, aims to deploy 20 Starlink V3 satellites and demonstrate in-space engine relight—key milestones for the fully reusable rocket system. Shares are up 1% premarket to $116.35, recovering slightly from Wednesday's 6.7% drop that pushed the stock near its 52-week low. The test is critical: Starship is central to SpaceX's long-term cost reduction and plans for orbital AI data centers, with analysts highlighting its role in enabling a 90% cut in launch costs. A successful flight could reverse recent weakness following the record IPO, while a failure would likely deepen the selloff.
At the time of this announcement, SPCX was trading at $115.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $115.19 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.