SpaceX added roughly $100 billion in market value in a single session, lifting its capitalization to about $2 trillion, with shares closing at $150.88, up 5.15% from the prior finish of $143.49. The move came days ahead of Flight 14, Starship's first orbital attempt scheduled for Sept. 28, 2026, which Chief Financial Officer Bret Johnsen said at Goldman Sachs' Communacopia and Technology Conference will be Starship's first revenue-generating mission because it will deploy 26 third-generation Starlink satellites. Pivotal Research Group CEO Jeffrey Wlodarczak initiated coverage of SPCX with a Buy rating and a price target of roughly $220, tying the valuation case to demonstrating Starship reuse at scale. The tradable float sits at roughly 17% of shares outstanding ahead of a staggered 180-day lockup that lifts it to 40% by Dec. 8, 2026, while the remaining 60%, including Elon Musk's stake, stays locked until mid-2027. Mizuho Securities managing director Brett Linzey cautioned in a note ahead of the Aug. 6, 2026, unlock that investors should not conflate eligible supply with the shares that actually reach the open market.
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