SpaceX (SPCX) Completes First Starship Orbital Mission With Satellite Deployment And Splashdown

CNBC's 'Final Trades' featured picks from analysts: Joseph Terranova chose Eaton (ETN), supported by Wells Fargo's Overweight rating and $503 target. Stephanie Link mentioned SpaceX (SPCX), down 26% from highs, after its Starship launch. Jason Snipe picked AbbVie (ABBV) following FDA approval of Juvmo. Joshua Brown recommended AMD (AMD), with StoneX maintaining a Buy rating and $685 target. Shares of ETN, SPCX, ABBV, and AMD showed mixed price action.

SpaceX (SPCX) is scheduled for multiple launches, including a Falcon 9 and Falcon Heavy. Analysts forecast strong growth, with UBS estimating Q3 revenue of $13.8B and EBITDA of $7.5B, driven by AI and connectivity. Ratings include UBS 'Buy' ($210 target), CLSA 'Outperform' ($250), Morgan Stanley 'Overweight' ($300), and TD Cowen 'Buy' ($200). Retail sentiment on Stocktwits is bullish, with SPCX down 7% YTD.

Anthropic, parent of AI chatbot Claude, leaked its S-1 prospectus, revealing a $42 billion loss in 2023. The company is expected to IPO in November, raising around $100 billion at a $2 trillion valuation. SpaceX, which IPO'd earlier, has stabilized around its IPO price, offering a comparison for Anthropic's potential market performance.

SpaceX's Starship reached orbit for the first time on its 14th test flight, deploying 26 Starlink V3 satellites. Despite an engine issue, the mission was cut short with a controlled splashdown. SpaceX aims for routine Starship flights later this year. Analysts suggest smaller launch companies like Rocket Lab (RKLB) and Firefly (FLY) may benefit due to Starship's limitations in serving smaller customers with specific orbit needs. SpaceX stock (SPCX) rose 1.97% following the launch.

SpaceX stock rose 2% to $149.02 after its Starship vehicle reached orbit and deployed satellites for the first time, despite an engine fault. Rocket Lab and AST SpaceMobile stocks fell 3%, while the Procure Space ETF dropped 1%. Morgan Stanley, UBS, and TD Cowen maintained positive ratings on SpaceX, with price targets ranging from $200 to $300.

SpaceX's Starship successfully reached orbit on its first attempt, deploying 26 Starlink V3 satellites. CEO Elon Musk confirmed the mission's success. SpaceX shares (SPCX) rose 0.97% to $146.88, but remain down 8.74% from their June IPO price. Starlink's Connectivity revenue grew 66% YoY to $4.29 billion, with over 12 million subscribers. The flight advances SpaceX's plans for larger, more capable satellites and reusability.