SpaceX shares fell over 2% on Friday after the company pushed back the 14th test flight of its Starship vehicle by six days, to Sept. 28 from an earlier Sept. 22 target. The mission from Starbase in South Texas is the program's first orbital flight, with the upper stage slated to reach about 275 kilometers, complete around six orbits over a nearly 10-hour mission, and deploy 26 Starlink V3 satellites, each adding a terabit per second of capacity to the network. The Super Heavy booster will attempt an offshore landing while the ship performs a controlled splashdown in the Pacific west of Chile, and SpaceX said no Mechazilla catch is planned this time, walking back earlier expectations. Per Barron's, JPMorgan notes that around $570 million in retail selling occurred over the past three weeks, with retail investors taking $250 million off the table this past week, the largest weekly decline the bank has ever seen. Billionaire investor Ron Baron, whose Baron Capital holds about $25 billion in SpaceX shares, remains bullish, telling CNBC he estimates Starlink generates nearly $18 billion in revenue today and could reach a trillion dollars in revenue in 10 years, supporting a $14 trillion to $15 trillion valuation.
Space Exploration Technologies Corp. Class A Common StockStarship's first orbital test flight delayed six days to Sept. 28, a setback for the program
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