What Happened
Elon Musk's Company Faces Critical Test Of Starship Reliability
SpaceX’s stock has shed nearly half its value since its peak, with the company facing a critical test of its Starship launch system tonight. The Starship Flight 13 mission is scheduled to deploy 20 Starlink V3 satellites, and its success is seen as crucial for the company’s growth prospects. SpaceX is also set to release its first earnings report on August 4, followed by a large insider lock-up release on August 6, which could further impact the stock price. According to Tech Times, the company’s valuation and growth prospects are under scrutiny, with some analysts questioning the commercial viability of its orbital data center plans.