SpaceX (SPCX) Stock Dips as Company Prepares for Critical Starship Test 14 in September

Key Highlights

• SPCX shares declined 1.9% during premarket hours Monday, trading at $135.28
• The company achieved 100 launches in 2026 during the weekend following two additional Starlink deployments
• Starlink’s subscriber base reached 12 million by Q2’s end, generating $4.3 billion in quarterly revenue
• Six Raptor engines underwent successful static fire testing on Starship’s upper stage on Aug. 21
• The upcoming Starship Test 14, anticipated in September, may demonstrate the vehicle’s first stable orbital achievement

Shares of SpaceX experienced a modest 1.9% decline in premarket sessions Monday, trading at $135.28—barely above the company’s $135 IPO price point. This slight retreat occurred despite a particularly active weekend for the aerospace manufacturer.

Space Exploration Technologies Corp., SPCX

The company successfully executed two separate Starlink deployment missions during the weekend. One Falcon 9 rocket departed Cape Canaveral carrying 29 satellites, while a second launch from Vandenberg Space Force Base delivered 27 Starlink satellites to orbit.

These consecutive launches propelled SpaceX beyond a significant threshold: its 100th orbital mission of 2026. For context, the company reached this same benchmark slightly later in 2025, ultimately completing 170 launches that year—representing over half of all worldwide orbital attempts.

Starlink’s Continued Expansion

The satellite internet service concluded Q2 with approximately 12 million paying customers. Quarterly revenue climbed to $4.3 billion, representing substantial growth from the $2.6 billion recorded in the same period last year.

The division’s adjusted EBITDA reached $2.6 billion for the quarter, up from $1.6 billion in Q2 2025. These figures underscore the expanding market penetration of SpaceX’s satellite broadband offering.

Upcoming Starship Test 14 Milestone

SpaceX successfully conducted a static fire examination of six Raptor engines mounted on Starship’s upper stage on Aug. 21. These stationary firing tests represent routine pre-launch verification procedures.

The Super Heavy booster has yet to undergo its own static fire examination. This testing phase is anticipated before the integrated launch attempt, positioning Starship Test 14 for a September timeframe.

Investors are monitoring Test 14 with considerable interest. The flight test is projected to demonstrate Starship’s first successful achievement of stable Earth orbit.

The company aims to initiate commercial payload deployments using Starship by the end of 2027. Elon Musk has additionally highlighted Starship as essential for launching AI data centers into orbit, positioning SpaceX advantageously in the artificial intelligence infrastructure market.

In a separate announcement on Aug. 21, Musk revealed SpaceX’s ambitious target of exceeding 30 daily launches by 2030—equivalent to approximately 10,000 annual missions. This objective substantially surpasses the U.S. government’s own projection of 1,000 yearly launches by 2030, and dwarfs the FAA’s earlier estimate of 385 launches.

SpaceX has not provided a response to inquiries regarding its Starship testing schedule.

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