SpaceX (SPCX) Stock: What Happened During Starship’s Latest Test Flight

TLDR

• SpaceX launched its 13th Starship test flight on Friday from Starbase, Texas — the first since its IPO last month.
• The Super Heavy booster made a “hard splashdown” in the Gulf after only some engines successfully relit.
• The upper Starship spacecraft made a “soft splashdown” in the Indian Ocean, landing intact.
• SpaceX deployed 20 new Starlink V3 satellites during the flight — a first for the larger, more powerful design.
• SPCX stock has dropped in four of the past five weeks, falling 43% from its June 16 peak, and is still trading below its IPO price.

SpaceX (SPCX) stock is trading below its IPO price after completing its 13th Starship test flight Friday evening from Starbase, Texas. The stock has slipped 43% from its peak close on June 16 and has fallen in four of the past five weeks.

Space Exploration Technologies Corp., SPCX

The flight was the first since SpaceX’s record IPO last month. It was also the second test for the V3 version of Starship, which is the latest build of the world’s largest rocket.

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