According to CNBC, Jeff Kilburg, founder and CEO of KKM Financial, said he bought SpaceX for his Mango Growth ETF after the stock fell below its $135 IPO price and some early enthusiasm faded. He said SpaceX has become more than a rocket company, with Starlink serving as a recurring-revenue engine with 12 million customers and about 11,000 active satellites in orbit, while Connectivity revenue rose 66% to $4.3 billion in the second quarter. Kilburg said SpaceX's reusable rockets and frequent launches give it an edge over rivals, and he pointed to the company's planned Monday, Sept. 28 Starship orbital flight, which is expected to carry 26 next-generation Starlink V3 satellites, as a key step in expanding Starlink and opening new communications and defense opportunities.
