News & Updates
The latest news and updates from companies in the WLTH portfolio.
William R. Timmons IV invests in SpaceX through SCH Invest By Investing.com
South Carolina's 4th district representative, William R. Timmons IV, has made a significant investment in SpaceX (SPCX), according to a recent congressional trade report. The transaction, which took place on June 15, 2026, was reported two days later. The report reveals that Timmons purchased SpaceX shares valued between $50,001 and $100,000. The transaction was made through SCH Invest, an investment vehicle that Timmons uses for his financial dealings. SpaceX, a private American aerospace manufacturer and space transportation company, is not publicly traded and thus does not have a stock ticker available in the system. The company is known for its ambitious projects in space exploration and satellite internet service. This recent investment by Timmons is noteworthy as it indicates a continued interest in the space industry from lawmakers. It also highlights the growing trend of investing in private companies that are leading the way in technological advancements and innovation. The transaction was made as an initial public offering through SCH Invest. As per the STOCK Act, which mandates transparency in the financial dealings of lawmakers, Timmons has certified that the statements made in the periodic transaction report are true and complete. Investors and market watchers often look to the investment activities of lawmakers for indications of confidence in certain industries or companies. In this case, Timmons' investment in SpaceX may signal a bullish outlook on the future of the space industry and the role of private companies in it. However, it's important to note that such investments do not guarantee success and should always be considered as part of a diversified investment strategy. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Elon Musk sends first warning to SpaceX short sellers
In a pointed message on X, Elon Musk warned that firms maintaining significant short positions in SpaceX over time face "very low" survival probability. The statement comes amid post-IPO volatility for the rocket company, now trading under the ticker $SPCX. Five weeks after what was described as the largest IPO in history, the stock had fallen roughly 30% from its peak above $2.6 trillion, briefly surpassing Microsoft and Amazon in market value. Short sellers celebrated gains of about $8.7 billion, but Musk's reply underscores his long-term conviction. The warning directly echoes a detailed bullish analysis arguing that Starship's cost reductions could unlock a multi-trillion-dollar space economy. Projects ranging from solar power beamed from orbit and asteroid mining to orbital data centers and Mars terraforming were projected to create over $100 trillion in new market capitalization. In this vision, SpaceX acts as the essential infrastructure provider, akin to AWS for cloud computing, capturing monopoly-like revenues from launches, crew transport, and data traffic across a rapidly expanding frontier. This is far from the first time Musk has targeted short sellers. With Tesla, he has repeatedly framed persistent bears as destined for major losses. In July 2024, Musk declared that once Tesla achieves full autonomy and volume production of Optimus robots, "anyone still holding a short position will be obliterated. Even Gates," referencing Microsoft co-founder Bill Gates' reported short bets. Elon Musk reveals what Tesla stock surge could do to Bill Gates Earlier, in 2018, he taunted shorts that they had "about three weeks before their short position explodes," a remark followed by sharp stock gains. Musk has also called short selling "value destroying" and once suggested it "should be illegal," viewing it as betting against innovation and progress. Critics often dismiss Musk's optimism as hype, especially when near-term metrics like quarterly deliveries or stock fluctuations disappoint. Yet his pattern remains consistent: framing short positions against his companies as fundamentally misjudging exponential technological leaps. For SpaceX shorts, the message is clear: betting against multi-planetary ambitions and the infrastructure monopoly they enable carries existential risk for the firms involved. As Musk and supporters see it, the space economy's upside dwarfs Earth-bound valuation models, making today's dips temporary in a decades-long ascent.
Elon Musk's SpaceX announces Q2 earnings date amid 45pc stock price slump
The earnings release coincides with the first insider share unlock, potentially increasing selling pressure despite Starlink's strong subscriber growth. NEW YORK, July 21 -- SpaceX will release its first quarterly earnings report as a publicly traded company on August 4, the rocket and AI giant said Monday on its investor relations website. The Elon Musk-led company, which trades under the ticker SPCX on the Nasdaq exchange, is scheduled to report results after markets close that day, at 2130 GMT. The figures will cover the second quarter, which ended June 30. The announcement comes as shares in the company have fallen well below their initial public offering price. SpaceX went public on June 12 at US$135 (RM552) a share, with the stock later soaring as high as US$225.64 and pushing the company's valuation above US$2.6 trillion. Shares have since tumbled, closing at US$119.85 on Monday - more than 45 per cent below their post-IPO peak. The company, which reported a loss of US$4.3 billion last year in its IPO filings, has a long-term goal of developing data centres in space. Analysts do not expect profitability anytime soon. SpaceX now operates three divisions: a launch and space unit, the Starlink satellite internet service, and an artificial intelligence arm that includes the Grok chatbot and social media platform X. Starlink, the company's only consistently profitable business, had 10.3 million subscribers as of the first quarter, with revenue up about 50 per cent year-on-year, according to SpaceX's IPO filing. The AI division, weighed down by heavy data centre spending, posted steep losses last year. Crucially, the earnings report will also trigger the first scheduled unlock of insider shares, freeing up stock that has been restricted from sale since the IPO. That could add further pressure on the price if shareholders decide to sell. -- AFP
SpaceX almost halves in value from its much-vaunted June launch
When SpaceX went public last month, it immediately became one of the most valuable companies on Earth, and turned its CEO Elon Musk into the world's first trillionaire. But in the six weeks since, it has been a stunning drop for the space company, with its value nearly halving from its first days on sale. When it first hit the market, SpaceX shares were selling at more than US$201 ($287). Now it's $US119 ($170). The company has now lost a trillion dollars in value in a month, and is now trading well below its initial public offering price. SpaceX derives much of its income from launching satellites into space, but two last-second aborts of its rockets in the past week have given investors the jitters. One of its Falcon 9 rockets aborted a takeoff even as its engines started firing up overnight. And last week, Musk's new-fangled Starship megarocket's launch was aborted. Much of the company's share market value is not tied to its current profitability but its future forecasts. But repeated failures after much hype has given investors cold feet, and many are starting to wonder why they put so much money in a company that still isn't profitable. For many traders, it represents a colossal loss of money. Among early investors is Australian billionaire Gina Rinehart, who reportedly sunk a billion US dollars in the company. It is not known if she sold her shares before SpaceX's precipitous fall. Musk meanwhile has been busy tweeting on X, promoting his AI program Grok, posting conservative opinions and reposting memes. SpaceX isn't the only tech company to have a bad run on the stock market. Last week the release of a new Chinese AI model rattled the big tech companies in the US. Kimi K3 from Moonshot AI appeared to outperform nearly all its rivals, triggering selloffs on Wall Street. And the Australian share market hasn't been immune, opening on Tuesday to a sharp drop.
SpaceX to report first earnings as public company on Aug 4 | New Straits Times
NEW YORK: SpaceX will release its first quarterly earnings report as a publicly traded company on Aug 4, the rocket and artificial intelligence (AI) giant said Monday on its investor relations website. The Elon Musk-led company, which trades under the ticker SPCX on the Nasdaq exchange, is scheduled to report results after markets close that day, at 2130 GMT. The figures will cover the second quarter, which ended June 30. The announcement comes as shares in the company have fallen well below their initial public offering price. SpaceX went public on June 12 at US$135 a share, with the stock later soaring as high as US$225.64 and pushing the company's valuation above US$2.6 trillion. Shares have since tumbled, closing at US$119.85 on Monday -- more than 45 per cent below their post-initial public offering (IPO) peak. What To Read Next The company, which reported a loss of US$4.3 billion last year in its IPO filings, has a long-term goal of developing data centers in space. Analysts do not expect profitability anytime soon. × 00:01 01:00 Tonton Non Stop, On Top! Player Insights Video- Viewport / Frames- Audio- Buffer Video / Audio- Time- Stream- Player version- Bitmovin PlayerAdaptive Streaming for the WebPlayer: 8.267.0UI: 4.17.0 Show Player Insights Copy link at current time Video Qualityauto Speednormal Audio Track- Audio Qualityauto Subtitlesoff (0) BackReset Font sizedefault Font styledefault Font familydefault Font colordefault Font opacitydefault Character edgedefault Character edge colordefault Background colordefault Background opacitydefault Window colordefault Window opacitydefault SpaceX now operates three divisions: a launch and space unit, the Starlink satellite internet service, and an artificial intelligence arm that includes the Grok chatbot and social media platform X. Starlink, the company's only consistently profitable business, had 10.3 million subscribers as of the first quarter, with revenue up about 50 per cent year-on-year, according to SpaceX's IPO filing. The AI division, weighed down by heavy data center spending, posted steep losses last year. Crucially, the earnings report will also trigger the first scheduled unlock of insider shares, freeing up stock that has been restricted from sale since the IPO. That could add further pressure on the price if shareholders decide to sell.
Meta Reportedly In Talks With Anthropic Over a $10 Billion AI Deal
Meta is reportedly in talks to lease computing power to Anthropic in a deal worth as much as $10 billion over two years, according to the New York Times. The arrangement would open a new business line for Meta while easing Anthropic's desperate hunt for compute. Inside the Reported Meta and Anthropic Compute Deal Computing power, or compute, refers to the data center capacity used to train and run artificial intelligence models. The Anthropic proposal, first announced in June, would let the startup rent Meta's excess infrastructure rather than build its own facilities. According to the NTY, Anthropic would pay Meta in monthly installments over the two-year period, with an early-exit clause available to either party. The scale still looks modest by industry standards. The proposal runs about a third of the deal Anthropic signed with Elon Musk's SpaceX in May. Follow us on X to get the latest news as it happens. Under that agreement, the AI firm pays roughly $1.25 billion monthly, or $45 billion over three years, for computing power. Similar early-exit provisions reportedly applied to that larger contract as well. The talks remain in early stages and may still collapse before closing. Both Anthropic and Meta declined to comment on the reported negotiations. The context explains the urgency. Leading AI companies are racing to secure compute, while Meta, Google, and Microsoft pour hundreds of billions into new data centers worldwide. That construction boom has unsettled Wall Street. Investors increasingly question whether such extraordinary levels of spending can ever be justified by real returns. "Anthropic needs a lot of compute, and Meta has a lot of compute. Anthropic has really good models. Meta, until very recently, didn't have very good models, and now they have, you know, I would say an A-minus to B-tier frontier model," MTS's Theo Jaffee said. Why Would Meta Rent Compute to a Direct Rival For Meta, a potential deal would carry unusual weight. It could create fresh revenue and ease pressure from shareholders skeptical of the company's aggressive infrastructure budget. Mark Zuckerberg has said Meta will spend as much as $145 billion this year, most of it on AI. That figure more than doubles the $72 billion spent the previous year. Subscribe to our YouTube channel to watch leaders and journalists provide expert insights. Doubts about Meta's own models add another layer. The company has admitted it might build more data centers than its AI products currently require. Selling that surplus offers an obvious fix. Zuckerberg hinted on a May investor call that outside firms regularly ask to buy compute at a premium.
SpaceX moves Starship launch attempt to Thursday
SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 19, 2026 at 9:19 PM.
SpaceX moves Starship launch attempt to Thursday
SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 19, 2026 at 7:19 PM.
SpaceX moves Starship launch attempt to Thursday
SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 19, 2026 at 8:19 PM.
SpaceX moves Starship launch attempt to Thursday
July 19 (Reuters) - SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips)
SpaceX moves Starship launch attempt to Thursday
July 19 (Reuters) - SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips)
SpaceX moves Starship launch attempt to Thursday
SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 19, 2026 at 6:19 PM.
SpaceX moves Starship launch attempt to Thursday
SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk initially posted on X that the next Starship launch would occur on Friday. He later replied to that post, saying, "I mean Thursday," aligning with the company's earlier statement. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. Last Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches. (Reporting by Gursimran Kaur in Bengaluru; Editing by Matthew Lewis and Sherry Jacob-Phillips) Copyright Reuters or USA Today Network via Reuters Connect This story was originally published July 19, 2026 at 9:19 PM.
SpaceX $52B Nvidia server order claim lacks verification
A social media claim by @AndrewCurran_ suggests that SpaceX has ordered $52 billion worth of NVIDIA GB300-based AI servers from Foxconn. This unverified report appears to have sparked discussions around the potential impact on NVIDIA's market valuation. The claim, however, lacks confirmation from any official or verified sources and seems to conflate previous deals involving SpaceX, such as its known $6.3 billion computing agreement with Reflection AI and a $920 million per month GPU arrangement with Google. NVIDIA's GB300 systems are already recognized for their advanced AI capabilities, and Foxconn is confirmed as a major supplier of these systems, with shipments having begun in late 2025. Key Takeaways * The reported $52 billion order by SpaceX from Foxconn appears to have caught the attention of market participants, despite lacking verification. * NVIDIA's market prospects could be positively influenced by such demand, as indicated by current speculation. * The claim suggests heightened interest in NVIDIA's GB300 system capabilities, even though no official confirmation of the transaction exists. What to Watch Market participants are likely to monitor further announcements from NVIDIA or SpaceX that could confirm or refute this claim. Any official statements or financial disclosures will be crucial in assessing the credibility of the reported order. The ongoing activity could also be influenced by NVIDIA's upcoming quarterly earnings report, which may provide insights into their data center revenue and demand for AI systems. Get live prediction-market analysis, powered by Vera. Sign up for Vera.
SpaceX's blow-it-up testing won't fly on starship
SpaceX's willingness to blow stuff up and learn from the failures has propelled it from a cash-strapped startup to one of the world's most valuable companies (and kick-started a commercial space revolution along the way). The development of the Falcon 9 rocket was achieved over a relatively short period in space-industry time. That success was built on SpaceX's willingness to test, fail and repeat rapidly. The Falcon 1 rocket failed three times before reaching orbit on the fourth try in 2008 just before Chief Executive Officer Elon Musk's money ran out. SpaceX blew up a couple of rockets on the way to Falcon 9 reaching orbit, while Musk helped popularize the phrase "rapid unscheduled disassembly." This unique engineer-led culture is a reason that buy-side analysts have justified valuations for Musk's space venture that are, well, out of this world. SpaceX is adept at building complicated hardware and manufacturing almost all components in-house.
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion
Taiwan's Hon Hai Precision Industry, better known as Foxconn, has reportedly secured its first contract to manufacture artificial intelligence (AI) servers for Elon Musk's SpaceX, marking a major expansion of its AI infrastructure business. According to Taiwan's Economic Daily, the agreement could be worth about $52 billion, based on SpaceX's reported plan to deploy more than 13,000 AI server racks powered by Nvidia's next-generation GB300 chips. With each rack estimated to cost around $4 million, the deal would represent one of the largest AI server orders in the industry. The report said the contract would end the previous dominance of Dell Technologies and Super Micro Computer in supplying AI servers to SpaceX. It also strengthens Foxconn's position as a key manufacturing partner for major North American cloud computing and AI infrastructure companies. Foxconn has not commented on specific customer orders but has consistently highlighted strong demand for its AI server business. Chairman Liu Yangwei previously projected that the company would capture more than 40% of the global AI server market this year. He also expects AI rack shipments to double and continue growing through the end of 2026. Cloud and networking products, driven primarily by AI servers, have already become Foxconn's largest business segment. The Economic Daily reported that SpaceX recently increased its planned deployment of Nvidia GB300 server racks to approximately 13,000 units, with deliveries expected to begin in late 2026 and continue into the first quarter of 2027. Beyond its satellite and space launch operations, SpaceX is rapidly expanding its AI computing infrastructure. The report said the company has reached agreements involving Anthropic and Google while also advancing AI computing initiatives with the U.S. Department of Defense. These investments reflect SpaceX's broader push into cloud computing and artificial intelligence, creating new opportunities for suppliers such as Foxconn as demand for high-performance AI servers continues to accelerate.
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay
SpaceX (NASDAQ: SPCX) plans to launch the 13th test flight of its Starship rocket as early as Thursday, following the cancellation of a previous launch attempt just minutes before liftoff due to engine startup issues. The upcoming mission will focus on achieving a successful launch, ascent, stage separation, boostback burn, and landing burn at a designated offshore location. SpaceX also confirmed that the Starship vehicle will carry Starlink V3 satellites, marking another step in expanding its next-generation satellite internet network. The latest launch attempt was called off after several engines failed to ignite during the final countdown. The setback followed engine-related issues encountered during Starship's 12th test flight, which prompted an investigation by the Federal Aviation Administration (FAA). According to SpaceX, engineers have implemented multiple hardware and software upgrades to address the problems identified during the previous mission. The company said the changes are intended to improve the rocket's reliability and increase the likelihood of a successful test flight. The 13th Starship test will be the first since SpaceX completed its blockbuster initial public offering (IPO) in June. Investor sentiment has remained under pressure after last week's canceled launch, contributing to further declines in the company's share price. SpaceX stock has continued to trade below its IPO level, reflecting growing concerns over repeated testing delays and technical challenges. Since reaching a post-IPO peak market valuation of approximately $2.64 trillion, the company has lost roughly $1 trillion in market value. Despite the recent setbacks, Starship remains central to SpaceX's long-term ambitions, including deploying larger Starlink payloads, supporting future lunar missions, and eventually enabling human exploration of Mars. The upcoming test flight will be closely watched by investors, regulators, and the broader aerospace industry as the company seeks to demonstrate meaningful progress in its flagship rocket program.
SpaceX targets July 23 for next Starship launch after last-minute abort
Elon Musk's SpaceX is targeting July 23 for the 13th Starship test flight after a last-second launch abort last week. The mission will carry 20 Starlink satellites on a suborbital test as the company pushes toward routine orbital deployments by year-end. SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship rocket, the company said in a statement on Sunday. SpaceX CEO Elon Musk posted on X later on Sunday that the next Starship launch would occur on Friday, contradicting the earlier statement from his company. He did not say whether the original Thursday date was wrong. On July 16, SpaceX's Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 billion from the company's market value. SpaceX said it has modified Starship's propulsion system to address the engine issue experienced on the previous flight. A launch delay for the $15 billion rocket development program better known for dramatic engineering feats and explosive testing failures is not uncommon. On Friday, SpaceX said it would attempt the launch on July 20. The company has launched 12 Starship test flights since 2023. On its 13th flight test, Starship will carry 20 Starlink satellites to demonstrate its satellite-dispensing system and the Starlink network's laser communication links, but those satellites will follow the ship's suborbital trajectory and burn up in Earth's atmosphere soon after deployment. In its prospectus, SpaceX said that it aims to launch the first Starlink satellites to orbit on Starship by year's end, followed by routine launches.
Should You Buy $1,000 Worth of SpaceX Stock Before Its First Earnings Report?
One of the more recent arrivals to our stock market, Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has never published a quarterly earnings report as a publicly traded company. That's going to change soon. While the market doesn't yet have a firm date for when the figures for its second quarter ending June 30 might be released, it's reasonable to expect a report in early August. So there's time to consider if it's worth spending $1,000 on the company's stock. I wouldn't be willing, and here's why. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Image source: Getty Images. Moving in the darkness One of the primary reasons is that SpaceX remains something of a mystery. Its name is somewhat misleading, since most of its operations aren't directly involved in space exploration. It has a thriving satellite business with Starlink, a high-capex artificial intelligence (AI) unit that builds data centers and manages the X (formerly Twitter) social media platform, as well as a space business. While the company intends for all these operations to complement each other, SpaceX is at present more of a jumble of activities that don't necessarily synthesize. That, plus the fact that the company's pre-IPO filings don't provide much detail about its finances, makes the second quarter hard to estimate. This is surely why analyst projections are all over the place. There are many pundits already tracking SpaceX stock; 25 of them are included in the data compiled by Yahoo! Finance, for example. But, unusually for analysts, their estimates don't sit within a relatively narrow range. Their figures for the quarter's revenue have a range of nearly $3 billion -- from $5.3 billion to $8.1 billion. Those prognosticators seem to agree that the historically loss-making SpaceX will also land in the red in the second quarter. The big question is by how much -- the current net loss estimates range from $0.12 to $0.42. Stuck on the launchpad Another element keeping me away from SpaceX is that it's still experiencing setbacks in its headline activity. Late Thursday afternoon, the company unexpectedly aborted the latest launch of its Starship rocket, after some of its engines apparently failed to start. Uncomfortably, this is the heavy rocket that's supposed to be the launch vehicle helping power the company to astronomical success and glory. Mission aborts happen, of course, but there's an awful lot of capital betting on that not to occur -- at least, not often -- at SpaceX. Understandably, the stock fell after the sudden cancellation (SpaceX stock fell 5% in Friday trading). With that decline, $1,000 would buy eight shares of SpaceX. That's not a huge commitment in the grand scheme of things, but even given that, I'd hold off on investing in this stock. The second quarter is sure to feature plenty of red ink, and the company still has at least one major operational kink to work out. I feel that money has better potential for liftoff in other stocks. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $371,842!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,244,783!* Now, it's worth noting Stock Advisor's total average return is 900% -- a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 19, 2026. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Should You Buy $1,000 Worth of SpaceX Stock Before Its First Earnings Report?
One of the more recent arrivals to our stock market, Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has never published a quarterly earnings report as a publicly traded company. That's going to change soon. While the market doesn't yet have a firm date for when the figures for its second quarter ending June 30 might be released, it's reasonable to expect a report in early August. So there's time to consider if it's worth spending $1,000 on the company's stock. I wouldn't be willing, and here's why. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Moving in the darkness One of the primary reasons is that SpaceX remains something of a mystery. Its name is somewhat misleading, since most of its operations aren't directly involved in space exploration. It has a thriving satellite business with Starlink, a high-capex artificial intelligence (AI) unit that builds data centers and manages the X (formerly Twitter) social media platform, as well as a space business. While the company intends for all these operations to complement each other, SpaceX is at present more of a jumble of activities that don't necessarily synthesize. That, plus the fact that the company's pre-IPO filings don't provide much detail about its finances, makes the second quarter hard to estimate. This is surely why analyst projections are all over the place. There are many pundits already tracking SpaceX stock; 25 of them are included in the data compiled by Yahoo! Finance, for example. But, unusually for analysts, their estimates don't sit within a relatively narrow range. Their figures for the quarter's revenue have a range of nearly $3 billion -- from $5.3 billion to $8.1 billion. Those prognosticators seem to agree that the historically loss-making SpaceX will also land in the red in the second quarter. The big question is by how much -- the current net loss estimates range from $0.12 to $0.42. Stuck on the launchpad Another element keeping me away from SpaceX is that it's still experiencing setbacks in its headline activity. Late Thursday afternoon, the company unexpectedly aborted the latest launch of its Starship rocket, after some of its engines apparently failed to start. Uncomfortably, this is the heavy rocket that's supposed to be the launch vehicle helping power the company to astronomical success and glory.