SpaceX launches major Starship test in post-IPO spotlight
The rocket is carrying upgraded Starlink satellites that are intended to burn up later in the atmosphere as part of the roughly hour-long test mission.Starship is central to Musk’s goal of expanding SpaceX’s Starlink communications network, sending humans to the moon and beyond and putting data centres in space. But it has faced an unstable development path marred by explosive setbacks, malfunctions and delays.A selloff of SpaceX’s shares partly fuelled by earlier mission delays demonstrates how certain investors are sensitive to the type of risks that are baked into SpaceX’s fly-fail-fix development strategy. Shares closed 3 per cent lower on July 24 in regular US trading and are down about 25 per cent over the last month – well below their US$135 IPO price.
- ▪The rocket is carrying upgraded Starlink satellites that are intended to burn up later in the atmosphere as part of the roughly hour-long test mission.Starship is central to Musk’s goal of expanding SpaceX’s Starlink communications network,
- ▪But it has faced an unstable development path marred by explosive setbacks, malfunctions and delays.A selloff of SpaceX’s shares partly fuelled by earlier mission delays demonstrates how certain investors are sensitive to the type of risks
- ▪Shares closed 3 per cent lower on July 24 in regular US trading and are down about 25 per cent over the last month – well below their US$135 IPO price.
3 outlets in our directory ran this story, first to last over 8 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ SpaceX Launches Major Starship Test in Post-IPO Spotlight - Bloomberg.com — Google News
- ▪ SpaceX is banking on a successful Starship launch to stem the stock’s bleeding — MarketWatch — Top Stories
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SpaceX launches major Starship test in post-IPO spotlightSign up now: Get ST's newsletters delivered to your inboxThe SpaceX Starship lifts off with its booster on the rocket’s 13th test flight from the SpaceX launch complex in Texas on July 24. PHOTO: REUTERSPublished Jul 25, 2026, 09:11 AMUpdated Jul 25, 2026, 09:11 AMSet as preferred sourceSummariseSpaceX launched its 13th major Starship test flight, carrying upgraded Starlink satellites and aiming to reach near orbital speeds from its Starbase facility in Texas.Starship is key to Elon Musk's goals for space travel and expanding Starlink, but development has faced delays, setbacks, and investor concerns, with shares falling 25 per cent since the IPO.The fully reusable Starship and Super Heavy booster aim for multiple missions,…
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