SpaceX Starship Launches Into Orbit for 1st Time
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By Steve Gorman, Akash Sriram and Joey Roulette LOS ANGELES, Sept 29 (Reuters) - The Starship engine failure that nearly foiled the orbital debut of SpaceX's next-generation spacecraft on its 14th uncrewed test flight may complicate NASA's ability to meet its time frame for astronaut missions to the moon.
The disclosure comes as analysts take a fresh look at what could become SpaceX's biggest growth engine.
By renting out more compute capacity, SpaceX aims to generate revenue that it can put toward launching orbital data center satellites.
SpaceX got a boost on Tuesday as TD Cowen initiated coverage of the rocket and satellite company with a bullish stance, but not for its "space" based activities.
SpaceX shares are still well below their post-IPO highs, but they are also well above their lows.
SpaceX has been investing heavily in AI, and Musk believes its AI model will be in the "pole position" in the not-too-distant future.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) stock rose 2% to $149.02 during the afternoon session after the company reported that its Starship vehicle reached orbit and deployed satellites for the first time.