SpaceX Update: Starship and last generation starlink satellites
SpaceX recently managed to land Starship successfully with its innovative chopstick catch system. This is excellent news for the company as the Starship is a much larger rocket that paves the way for more capacity and profitability.
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SpaceX requested on Friday that the FCC make “several small but meaningful updates” to its 2nd-generation.
Starlink network declared: “Together, this modification and its companion amendment will enable the Gen2 system to deliver gigabit-speed, truly low-latency broadband and ubiquitous mobile connectivity to all Americans and the billions of people globally who still lack access to adequate broadband.”
The request includes lowering the altitude of three Starlink satellite shells by 45 and 60 km. SpaceX also wants the Starlink satellites to harness the E-band radio frequencies to help better deliver high-speed, low-latency broadband to users through fixed satellite dishes and mobile equipment.
“The upgraded Gen2 system will feature enhanced hardware that can use higher gain and more advanced beamforming and digital processing technologies and provide more targeted and robust coverage for American consumers – These upgraded satellites can maximize the use of the available bandwidth, enabling more efficient allocation of resources and facilitating a broader range of services.” Gen2 Starlink satellites will be launched with Starship.
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SECONDARY MARKET UPDATE
The performance of SpaceX's secondary market stock price over the last three months (August-October 2024) was a period marked by significant activity and media attention due to SpaceX's operational achievements and governmental contracts.
Secondary Price Movement Overview:
Starting Price: Around $100 at the end of the second quarter.
Current Price: Approximately $130, showcasing a 30% increase.
This upward trend was largely influenced by:
Operational Successes: SpaceX has continued its streak of successful Falcon 9 and Falcon Heavy launches, with notable achievements, including the 22nd successful landing of a first-stage booster on the "Of Course I Still Love You" droneship. These operational milestones demonstrate SpaceX's reliability and reduce the cost per launch, which is attractive for investors looking at long-term profitability.
Government Utilization: The U.S. government's use of Starlink for emergency internet services, particularly in areas affected by natural disasters like hurricanes, has highlighted the practical applications of SpaceX's technology. This not only increases the visibility of Starlink but also potentially secures more government contracts, which are less volatile than commercial revenues.
Starship Developments: The recent successful catch of the Starship by its innovative "chopstick" mechanism during a test flight has captured media attention worldwide. This development is pivotal for SpaceX's ambitions beyond Earth's orbit, potentially leading to significant cost reductions in space travel and satellite deployment, directly impacting future profitability.
Market Sentiment and Future Projection: The surge in SpaceX's stock price reflects a bullish market sentiment, driven by both operational successes and the narrative around SpaceX's role in future space exploration and commercial space travel. However, it's worth considering:
Volatility: While the price has climbed, the space industry's inherent risks could see this price fluctuate. Competition, regulatory challenges, or technical setbacks could lead to price corrections.
Fundamental Growth: Despite potential volatility, the underlying fundamentals suggest growth. The integration of Starshield into military contracts, alongside Starlink's expansion, positions SpaceX uniquely in both commercial and defense sectors, potentially insulating it from some market fluctuations.
Investor Interest: The recent achievements have not only captured the public imagination but also investor interest. With each successful step towards reusability and lower Earth orbit services, the valuation might continue to reflect this optimism.
Conclusion: While there's a possibility of the stock price dipping due to various external factors, the momentum from technological breakthroughs like the Starship catch and the broadening of service applications (like Starlink for emergency communications) suggest a robust foundation for further price increases. As always, continued monitoring of SpaceX's operational progress, alongside broader market conditions, will be crucial for future investment decisions.
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Disclaimer
Private companies carry inherent risks and may not be suitable for all investors. The information provided in this article is for informational purposes only and should not be construed as investment advice. Always conduct thorough research and seek professional financial guidance before making investment decisions.
The information provided in this article is for informational purposes only and should not be considered financial advice. Investing in any company, including SpaceX or Starlink stock, carries inherent risks, and individuals should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
