US Stock Market Move | SpaceX's Starship achieves first orbital insertion; SpaceX (SPCX.US) rises over 2%.

On Tuesday, SpaceX (SPCX.US) surged rapidly during intraday trading, rising over 2% as of press time to $149.05. On the news front, SpaceX's flagship rocket Starship successfully entered Earth orbit for the first time on September 28, completing the commercial space company's most ambitious mission to date. This means the giant rocket, which cost over $15 billion and took nearly a decade to develop, has finally crossed the key step from suborbital testing to orbital flight. According to reports, Starship lifted off from Starbase in Texas at 7:49 a.m. local time on Monday. Although one engine shut down prematurely during the flight, the spacecraft, after real-time assessment by engineers, continued to execute a critical burn maneuver and successfully entered its intended orbit. The mission was originally planned to last about 10 hours and circle the Earth six times, but SpaceX ultimately decided to end the flight early. The flight team was expected to command Starship to deorbit three hours after orbital insertion. While in orbit, Starship also deployed 26 V3 Starlink satellites for the first time. Musk posted on X that these V3 satellites were operating normally. A single V3 Starlink satellite has about 10 times the download capacity of the current V2 satellites.