News linked to both this project and an event.
According to Jin10 Data, SpaceX will announce its first earnings report since listing after the US stock market close on Tuesday. Since listing on June 12, the company's stock price has fallen nearly 50% from its high, with market capitalization shrinking by over $500 billion. As of Monday's close, it was reported at $114.53, approximately 15% lower than the IPO issuance price. Market focus centers on three key areas: • Starlink: S&P Global expects Q2 revenue to reach $6.9 billion, primarily driven by Starlink, which is currently SpaceX's only profitable business segment; • AI: SpaceX's AI business revenue was $818 million in the first three months of this year. It has reached compute supply cooperation agreements with Google, Anthropic, etc., and acquired coding startup Cursor (approximately $60 billion); • Starship: The 13th test flight was completed, but the booster experienced a hard landing. Analyst firm Bernstein believes Starship is one of the most critical factors supporting the high valuation. Additionally, after the lock-up period ends on Thursday, over 911 million shares (market value approximately $100 billion) will be unlocked for circulation. Coupled with short selling funds' paper profits reaching $8.3 billion, market selling pressure cannot be ignored.
In response to the news that “SpaceX will stop accepting new commercial orders for the Falcon 9,” Futurum Equities Chief Market Strategist Shay Boloor stated that if Starship fails to achieve successful commercialization by 2028, this shift could create a significant gap in rocket launch capabilities, potentially benefiting second-tier launch service providers such as Rocket Lab (RKLB).This morning, sources revealed that SpaceX has begun declining exclusive commercial launch orders for the Falcon 9 scheduled after 2028, and has suspended accepting new reservations for its Rideshare program, in order to accelerate the transition to Starship.