Starship Reaches Orbit but Booster Explodes; Senate Probes Starlink Restrictions
SPCX sits 30% above its 52-week low of $104.83.
Summary
The 15th uncrewed Starship test reached orbit 27 minutes after launch and deployed 26 Starlink satellites, but the Super Heavy booster missed its planned Texas tower catch and exploded over the Gulf of Mexico. Shares fell more than 1% in after-hours trading on November 13. The company says it can currently build one Starship every two weeks and one Super Heavy booster every four weeks, so the booster loss is a cadence question rather than a program halt. Separately, U.S. senators asked Musk to preserve records on reported Starlink and Starshield restrictions in Ukraine, and Zelensky has asked officials to seek clarification from U.S. agencies and SpaceX. The $14.6B quarterly revenue and the Tesla merger talks referenced in the headline were already reported in October and on November 12, with a deal potentially announced as soon as December.
At the time of this announcement, SPCX was trading at $136.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.