See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a> <\/p>\nSpaceX shares were down 2% in Friday’s pre-market trade. <\/p>\n
Why HSBC Is Cautious On SPCX <\/p>\n
HSBC stated in its note that it remains cautious about pricing in futuristic opportunities such as space-based data centers, Terafab and the lunar economy. Even after accounting for an innovation premium, HSBC sees a marginal downside from the stock’s current levels. <\/p>\n
However, the firm acknowledged that SpaceX remains the clear leader in the commercial space launch market, supported by its strong execution, technological edge and long track record of innovation. <\/p>\n
It believes the company is well positioned to benefit from growing demand for launch services and its expanding space ecosystem. <\/p>\n
SPCX Begins Turning Away Falcon Customers, Says Report <\/p>\n
According to a Bloomberg report, SpaceX has started turning away satellite operators seeking dedicated Falcon 9 launches beyond 2028, paused future reservations for its Falcon rideshare program and scaled back production of some non-reusable Falcon components. <\/p>\n
The report also said SpaceX has stopped building some non-reusable Falcon components, including the rocket’s upper stage, and is no longer accepting future reservations for its Falcon 9 rideshare program. <\/p>\n
However, SpaceX’s plans could still change depending on Starship’s development progress. The company is also expected to continue using Falcon 9 for certain missions for NASA and the U.S. Department of Defense. <\/p>\n
This comes amid multiple delays in Starship test flights recently, while the launch vehicle remains under development. SpaceX is now scheduled to undertake the 13th test flight of Starship on Friday. <\/p>\n","protected":false},"excerpt":{"rendered":"HSBC stated in its note that it remains cautious about pricing in futuristic opportunities such as space-based data…\n","protected":false},"author":2,"featured_media":90586,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[21687,9881,38816,5486],"class_list":["post-90585","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-bloomberg-report","tag-hsbc","tag-space-exploration-technologies-corp","tag-spacex"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116985889021550183","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/90585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=90585"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/90585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/90586"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=90585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=90585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=90585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}