SpaceX stock in focus as launch, Starlink business hit new milestones

SpaceX (SPCX) banal was successful absorption connected Thursday aft the institution deed 2 large motorboat milestones, offering investors thing affirmative to latch onto pursuing a unsmooth spot for the stock.

Early Thursday, SpaceX launched a Falcon 9 booster for a record-breaking 36th time, lifting disconnected from Cape Canaveral, carrying 29 Starlink broadband satellites to debased Earth orbit. 

The booster, designated B1067, archetypal flew successful June 2021 connected a NASA cargo tally and has since carried the Crew-3 and Crew-4 astronaut missions on with 24 batches of Starlink satellites. The wide reuse grounds belongs to NASA's abstraction shuttle Discovery, which flew to orbit and backmost 39 times.

The motorboat coincided with information showing the Starlink concern is outpacing its ain grounds successful 2025. SpaceX deployed 1,589 Starlink satellites successful the archetypal fractional of 2026, up from 1,489 astatine the aforesaid constituent past year, according to motorboat information compiled by astronomer Jonathan McDowell. 

The institution deployed 3,180 Starlink satellites successful each of 2025 and has launched much than 12,400 since the constellation began, with astir 11,000 inactive operational and much than 10,700 presently progressive successful orbit.

The operational milestones travel arsenic SpaceX banal tries to retrieve from a unsmooth stretch. Though level today, shares deed an all-time debased of $145.20 connected Wednesday earlier closing astatine $149.29, beneath the $150 marketplace debut price, and person since slid, arsenic the company's inclusion successful the Nasdaq-100 (^NDX) failed to spark the index-tracking buying immoderate investors expected. 

It was the 80th Falcon 9 ngo of the year, with astir 80% of SpaceX's 2026 flights devoted to expanding Starlink, already by acold the largest outer web ever assembled.

SpaceX's motorboat and operational records travel arsenic Blue Origin, Jeff Bezos's rocket venture, reportedly raised $10 cardinal astatine a $130 cardinal valuation successful its archetypal extracurricular fundraise. But Blue Origin's New Glenn rocket remains grounded aft it exploded during a static motor trial earlier this year, destroying the company's lone motorboat pad — a reminder of however acold up SpaceX's rockets and motorboat capabilities are astatine this moment.

On Wednesday afternoon, William Blair expert Louie DiPalma boosted his outlook for SpaceX's rocket concern fixed the Blue Origin fundraise. "When taking into relationship updated [Blue Origin] valuations, we present estimation that SpaceX's rocket motorboat concern is worthy $546 billion, up from our anterior estimation of $300 billion," DiPalma wrote, maintaining the firm's Outperform standing connected the stock.