Starship Reaches Orbit With 26 V3 Satellites as SpaceX Shares Slip

  • SpaceX's Flight 14 reached orbit, deployed 26 Starlink V3 satellites, and splashed down in the Pacific.
  • BofA reiterated Buy and a $235 target; shares closed 2% lower at $145.47 on September 28.
  • Nasdaq added SpaceX to the Nasdaq-100 on July 7, requiring index-tracking funds to buy shares.

SpaceX's 14th Starship mission reached orbit on September 28, deployed 26 operational Starlink V3 satellites, completed a controlled Pacific Ocean reentry and splashdown, and marked the upper stage's first successful orbital flight. The mission lasted about three hours rather than its planned 10 after an unplanned engine shutdown, while engine relights and problems affecting both the booster and ship remained unresolved. BofA Securities analyst Ronald Epstein reiterated a Buy rating and $235 price target, citing the flight as an important demonstration of Starship's ability to reach orbit and viewing upper-stage heat-shield performance as central to proving rapid reuse. SpaceX shares closed 2% lower at $145.47 on September 28, despite the technical milestone, after trading between $104.83 and $225.64 over the preceding 52 weeks. SpaceX joined the Nasdaq-100 on July 7 under a Nasdaq rule effective May 1, requiring index-tracking funds including Invesco QQQ Trust to buy the shares following its June IPO. Earlier analyst assessments continue to focus on Starship reuse and launch cadence, Starlink's higher-capacity deployment, AI computing-contract conversion and competition in broadband markets.

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