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SpaceX soars 5% after Starship reusable rocket launch date revealed
New York Post • • business
Key Points:
- SpaceX shares rose over 5% following the announcement of a new launch date for Starship, the company's fully reusable rocket central to its business plans.
- The 14th Starship test is scheduled for next Tuesday, aiming for a 10-hour mission with six orbits and deployment of Starlink V3 satellites, marking the first stable Earth orbit for the rocket's upper stage.
- Starship, the world’s largest rocket at over 400 feet tall, is key to deploying advanced Starlink satellites, which support SpaceX’s broadband service with over 12 million subscribers.
- The rocket also supports SpaceX’s AI ambitions through its xAI subsidiary and plans to create an orbital computer constellation powered by solar energy to reduce costs compared to Earth-based data centers.
- SpaceX’s previous Starship test in July was successful, and the company is working to reassure investors amid concerns about a potential AI market bubble.
