SpaceX stock fell to a new all-time low despite the company's successful Starship rocket test launch on the 25th at Texas Star Base, the 13th test flight for the next-generation vehicle. Shares closed at $113.50 on the 27th, down 1.4%, after hitting an intraday low of $109.53, according to Yahoo Finance. The stock declined 7.2% over the prior week. Investor caution persists even as the launch achieved key milestones, including full deployment of 20 next-generation Starlink V3 satellites, engine re-ignition in space, and a soft ocean landing. The decline reflects concerns over SpaceX's aggressive shift in resources from the proven Falcon 9 revenue generator to the still-unproven Starship program, including rejection of Falcon 9 bookings after 2028 and halting production of non-reusable Falcon 9 and Falcon Heavy components.
SpaceX Stock Falls 7.2% Over Prior Week, Hits All-Time Low of $109.53
SpaceX shares closed at $113.50 on the 27th, down 1.4% from the previous session, after reaching an all-time low of $109.53 during intraday trading, Yahoo Finance reported. The stock fell 7.2% over the prior week. The decline followed the company's first post-IPO Starship launch on the 25th, marking the 13th test flight for the vehicle. Alex Morris, CEO of F/m Investments, stated that while double-digit stock movements are expected and "probably not a terrible thing," SpaceX remains a strong long-term prospect with "no competition, a good product with a moat the size of space, and customers growing every day." Morris added that "too much AI-related expectation is packed into this package, and that's causing volatility."
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Starship test launch scene provided by Yonhap News
Starship Deploys 20 Starlink V3 Satellites, Super Heavy Booster Fails Landing Sequence
The Starship test flight on the 25th successfully deployed all 20 next-generation Starlink V3 satellites, re-ignited engines in space, and executed the softest ocean splashdown to date, according to SpaceX spokesperson Dan Huot, who said, "We're really happy. Thirteen is a lucky number." However, not all systems performed as planned. The Super Heavy booster (lower-stage rocket) failed to ignite all 13 engines designated for landing, resulting in a harder-than-planned splashdown in the Gulf of Mexico.
SpaceX Rejects Falcon 9 Bookings After 2028, Halts Non-Reusable Component Production
SpaceX has begun rejecting applications from satellite operators seeking Falcon 9 launches after 2028, halted acceptance of shared-ride bookings, and stopped production of non-reusable Falcon 9 and Falcon Heavy components, Yahoo Finance reported. The moves reflect the company's aggressive investment in Starship at the expense of the Falcon 9, a proven cash generator. Yahoo Finance noted that Starship's reliability has become central to investor valuation of the entire company.
Analysts Cite Starship Reliability and Refurbishment Costs as Key Investor Concerns
Wall Street is urging patience as SpaceX targets dozens of Starship launches next year, hundreds in 2028, and thousands thereafter, according to Yahoo Finance. Analysts identified two key challenges: the cost of refurbishing the second-stage rocket after re-entry, and whether SpaceX can rapidly scale flight frequency to make Starship the workhorse vehicle the company envisions.
FAQ
Why did SpaceX stock fall to an all-time low on the 27th?
SpaceX stock hit an all-time intraday low of $109.53 and closed at $113.50 on the 27th, down 1.4%, despite a successful Starship test launch on the 25th. Yahoo Finance reported that investor caution persists due to concerns over the company's aggressive shift from the proven Falcon 9 to the still-unproven Starship program, including rejection of Falcon 9 bookings after 2028 and halting production of non-reusable components.
What happened during the Starship test launch on the 25th?
The 13th Starship test flight on the 25th at Texas Star Base successfully deployed all 20 next-generation Starlink V3 satellites, re-ignited engines in space, and achieved the softest ocean splashdown to date. However, the Super Heavy booster failed to ignite all 13 landing engines, resulting in a harder-than-planned splashdown in the Gulf of Mexico, according to SpaceX spokesperson Dan Huot.
What challenges do analysts see for SpaceX's Starship program?
Analysts cited two key challenges: the cost of refurbishing the second-stage rocket after re-entry, and whether SpaceX can rapidly scale flight frequency to make Starship the workhorse vehicle the company targets, with plans for dozens of launches next year, hundreds in 2028, and thousands thereafter, Yahoo Finance reported.
