Before SpaceX’s first commercial launch is realized aboard Starship, the company’s quarterly financial reports have been unable to give investors a clear roadmap.
The logic for the company’s future growth is built on two foundations: a steady increase in Starship flight frequency, and the gradual retirement of the operational mainstay rocket, Falcon 9.
What investors should pay the most attention to in this earnings season is management’s latest statements on Starship’s path to commercialization, along with the specific plans for the test schedule—this is the key basis for cutting through current market noise and assessing SpaceX’s long-term value.
For short-term action, whether to proceed cautiously or not mainly hinges on the reference point of an issue price of 135; the downside potential is limited, mainly around the 100 mark.
For the long run, the outlook remains positive above 300, but it requires time to be validated.
The logic for the company’s future growth is built on two foundations: a steady increase in Starship flight frequency, and the gradual retirement of the operational mainstay rocket, Falcon 9.
What investors should pay the most attention to in this earnings season is management’s latest statements on Starship’s path to commercialization, along with the specific plans for the test schedule—this is the key basis for cutting through current market noise and assessing SpaceX’s long-term value.
For short-term action, whether to proceed cautiously or not mainly hinges on the reference point of an issue price of 135; the downside potential is limited, mainly around the 100 mark.
For the long run, the outlook remains positive above 300, but it requires time to be validated.