SPACX News & Analysis

SpaceX (SPACX) Scrubs Starship V3 Test Flight, Retry on Friday

SpaceX (SPACX) has postponed the 12th test flight of its Starship V3 rocket initially scheduled for Thursday, with a new attempt set for Friday. The company has invested over $15 billion in the Starship program, which aims to deploy 100 metric tons to Earth's orbit. Last year, SpaceX's space segment generated $4.1 billion in revenue but recorded a $657 million operating loss. The connectivity division, mainly Starlink, drove $11.4 billion in sales with a $4.4 billion operating profit, highlighting its importance for the company’s financial success.