- SpaceX (SPCX) set September 22 for Starship's 14th test flight, the first attempt to reach Earth orbit. The mission will deploy 26 Starlink V3 satellites, adding 26 tbps of network capacity, and is expected to last about 10 hours across roughly six orbits before splashing down in the Pacific west of Chile, pending regulatory approval.
- Morgan Stanley reiterated an Overweight rating on SPCX, arguing SpaceX can improve "intelligence-per-watt-per-dollar-per-second" and deliver more AI computing power with less energy, money and time. The firm initiated coverage in July with a $300 price target built on launch, Starlink and AI optionality, including Cursor revenue estimates of $2.5 billion in 2026 and $13 billion in 2027.
- Starlink's aviation business is expanding: Reuters-reviewed documents show Vietnamese carrier Vietjet is expected to announce an agreement to install Starlink internet on 120 aircraft.
- SpaceX capex surged over 550% to $18.37 billion in Q2 2026 as the company invests in AI infrastructure, a spending ramp that weighs on investor sentiment even after better-than-expected Q2 results. SPCX trades above its $135 IPO price but below its June peak of $225.64.
Quotes
“This will mark the first time that Starship will be sent into orbit around Earth and deploy Starlink V3 satellites.”
“The firm believes SpaceX could help deliver greater AI computing power while requiring less energy, money and time.”
“Billionaire investor and Baron Capital CEO Ron Baron said on Wednesday that SpaceX could eventually be worth $14 trillion to $15 trillion as Starlink continues to grow.”