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SpaceX Stock Jumps 6% After Starship Milestone. Will the Rally Hold?

SpaceX Stock Jumps 6% After Starship Milestone. Will the Rally Hold?

SpaceX stock rose 5.89% to $151.94 on Wednesday morning after the company set September 22 for Starship Flight 14, the rocket’s first attempt to reach orbit.

That pushed its market value to above $2 trillion, up from Tuesday’s stock close of $143.49. Investors read the flight as the moment Starship stops being a test article and starts hauling satellites that earn money.

Space (SPCX) Stock Performance. Source: Yahoo FinanceSpaceX (SPCX) Stock Performance. Source: Yahoo Finance

What SpaceX Has Planned for Starship Flight 14

The 75-minute window opens shortly after 8 a.m. EDT from Starbase in south Texas, pending regulatory approval.

Starship will climb to about 275 kilometers, circle Earth six times and fly for roughly 10 hours before splashing down in the Pacific west of Chile. The Super…

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