TradingKey – On October 20 Eastern Time, SpaceX (SPCX)’s Falcon 9 rocket completed the Bandwagon-5 mission, carrying 31 customer payloads and the company’s own Starfall capsule. As of 8:45 a.m. that day, all customer payloads had been deployed, and the first-stage rocket executing the mission was also successfully recovered after its 19th flight.
The most direct change from this mission is that 31 customer payloads moved from awaiting launch into the actual delivery phase. SpaceX disclosed that launch service revenue is typically recognized upon launch or when customer payloads are deployed to target orbits. Therefore, completing the mission helps account for the related contract revenue in the fourth quarter.
The recovery of the…
