#USEarningsSeason
SPCX Drops 6.3% To $134.70 - Starship Orbit Win Meets $300B Unlock

Live print:
Price 134.70, high 140.19, low 134.50, open 137.85, prior close 143.82, loss -9.12 (-6.34%). After-hours 136.03 +1.33 (+0.98%). Market cap ∼1829.36B. Range 3.95%. Real close 134.72 -9.17 (-6.37%).

Chart map:
MA5 136.08, MA10 138.67, MA30 143.90. Price under all MAs, MA5 is first hold. Top 166.18, low 134.50. MACD -0.73, DIF -3.15, DEA -2.41, red zone, momentum soft.

Support and resist:
First support 134.50 - 130 zone. Lose that opens 108 (next major). First resist 138.67 (MA10), strong 143.90 (MA30), top wall 166.18. For turn, close above 138.67 with volume needed.

What firm does - aim:
SpaceX aim is to lower launch cost and build off-world link. Core is Falcon for crew and cargo, Starlink for global net, Starship for heavy lift and deep space. Goal is 456 Starship flights per year from Starbase, 10x cut in cost vs Falcon 9, 4x rise in load. AI play is Starlink direct-to-phone and data hub in orbit.

Current status verified:
Starship Flight 14 on Sep 28 reached orbit first time, put 26 Starlink V3 sats in low orbit, even with one engine out, 3-hour trip vs 10-hour plan. Next test Flight 15 set for Nov 8 to try chopstick catch, Flight 16 around Dec 10. IPO price $135 per share, $1.77T value, $75B raise, largest ever. Q2 as first public print showed strong growth. Current pull from $176.42 peak on Oct 6 to $134.50 is -24%, due to $300B share unlock. Morgan Stanley holds Overweight, target $300 (+84% from $163). Citi sees long path to $12T if Starship re-use works.

What draws holder most:
1 - Starship milestone: first orbit and live load proves design, unlocks $1.65B per full V3 load per year extra.
2 - Starlink cash: Starlink is cash engine, data hub bit demand drives growth.
3 - Unlock fear: $300B unlock hits supply, short drop not tied to tech fail.
4 - Valuation: 48-68x sales, 20x 2030 view if growth holds, high beta.

Watch zone:
Hold above 134.50-136 for bounce to 138-143. Lose 130 and slide to 108. Long idea needs Starship catch win on Nov 8.

Sum: Short dip is unlock plus sector sell, long theme is Starship re-use and Starlink growth. SPCX is core for space infra, orbit win is real, but near term 134-143 is fight zone.

This text is for info only, not a buy or sell idea.

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