
IPO · SpaceX · Starship · Tesla
SpaceX CEO Elon Musk announced a delay for the next Starship test flight from April to early-to-mid May, pushing the launch back by four to six weeks due to major upgrades to the new V3 Starship, aiming for improved reliability and future mission suitability.
The delay stems from extensive work on the V3 Starship, designed to be fully reusable and capable of larger payloads for missions like NASA’s Artemis program. This upcoming test is highly anticipated, as it marks the first Starship launch since October's 11th test flight.
Concurrently, SpaceX is reportedly targeting a $2 trillion IPO valuation, an increase from the previously expected $1.75 trillion. While SpaceX is privately held, investors can access Elon Musk's other company, Tesla (TSLA), which holds a Hold consensus rating from Wall Street analysts with an average price target of $394.36, implying 9.4% upside potential.
SpaceX Delays Starship Launch to May for Upgrades(current)