As Starship Finally Reaches Orbit, Here’s How You Should Place SpaceX Stock

SpaceX's (SPCX) Starship recently achieved a major milestone when it reached orbit for the first time. Overcoming engine problems and 13 previous failed attempts, the company's next-generation rocket, which is designed to carry crew and cargo, deployed 26 Starlink V3 satellites at an altitude of about 275 kilometers on Flight 14. However, the mission was not without a major issue.

The company reported that one of Starship's engines experienced stoppages. This led to the mission being curtailed to just three hours, down from the 10 hours planned. Yet the mission can be deemed a success, as notwithstanding the engineering issues, SpaceX hit its target of deploying the V3 satellites and achieving orbit.