SpaceX Starship Is Orbital: Here's What It Means for Investors
Key PointsSpaceX launched Starship Flight 14 on the morning of Sept. 28.
Space Exploration Technologies (NASDAQ: SPCX) has officially achieved an orbital-class Starship launch system, according to recent reports. This milestone comes after months of SpaceX signaling its plans to retire the Falcon 9 reusable rocket, which has been the workhorse of its space fleet, transporting over 99% of the company's payloads to orbit. Alongside the Falcon 9, the Dragon spacecraft, used for astronaut transportation to the International Space Station, will also be retired.
The Super Heavy booster and the Starship spacecraft, collectively referred to as "Starship," will replace both of these space hardware components. This transition was confirmed by SpaceX's successful Starship Flight 14 launch on Monday, September 28, at 8:48 a.m. ET. Seven minutes later, the Super Heavy booster completed a successful water landing, setting the stage for the Starship to be accelerated to orbital speed.
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