Starship completed its first orbital flight and deployed Starlink V3 satellites, while NASA added another $946 million crewed spaceflight contract. Meanwhile, Starlink users have grown to 12 million, and SPCX's second-quarter revenue nearly doubled!
As early as August 4, we said SPCX was about to begin a rally, at least a rebound from the entire decline that began at 225.61. SPCX subsequently rose from 104.85 to 158.12✅
In the September 27 video, we said that $SPCX was in a correction from 158.12, not a new decline, and that once the correction ended, it would continue rising to 170–180. This view has now been confirmed✅
The key level to watch below is 164.6. As long as it holds, the rally still has momentum. Above, keep a close eye on 179.49; whether SPCX can break through this level will directly determine how far this rally can go.
As early as August 4, we said SPCX was about to begin a rally, at least a rebound from the entire decline that began at 225.61. SPCX subsequently rose from 104.85 to 158.12✅
In the September 27 video, we said that $SPCX was in a correction from 158.12, not a new decline, and that once the correction ended, it would continue rising to 170–180. This view has now been confirmed✅
The key level to watch below is 164.6. As long as it holds, the rally still has momentum. Above, keep a close eye on 179.49; whether SPCX can break through this level will directly determine how far this rally can go.