Seoul Economic Daily EnglishCodex · 实盘不做把握 5/10
北京时间·🕒 发布 15:32:15时区推断·⟳ 抓取 16:01:49·⚡ 决策 07-25 16:02:55 +1m06s·94.1 天前
SpaceX 第13次 Starship 试飞完成卫星部署和再入溅落,但助推器软溅落失败
Starship 上级成功部署20颗 Starlink V3 测试卫星、完成再入并在印度洋保持完整溅落,验证了关键热防护和载荷部署能力。
📄 原文Seoul Economic Daily English↗ 原文
SpaceX Starship Test Flight Succeeds in Satellite Deployment, Booster Partly Fails
The 13th test flight of "Starship," the super-heavy rocket being developed by U.S. space company SpaceX, concluded larg…
不做 SpaceX(SPCX.US)
事件是技术进展与助推器复燃失败并存的混合结果;对1.5万亿美元级 SpaceX 未披露新增订单或收入利润量级,且美股收盘/盘后未正向确认,周末无法形成正期望隔夜追单。
不做 Rocket Lab(RKLB.US)
仅是 SpaceX 自身试飞进展,对 Rocket Lab 没有短周期可量化订单、利润或竞争格局冲击,不能把长期行业叙事映射成可执行交易。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- SpaceX 从 Texas Starbase 发射第13次 Starship 试飞,后续成功部署20颗 Starlink V3 测试卫星。
- Musk 称获得所需热防护数据且飞船仍在海上漂浮并传输遥测,确认上级试飞数据价值。
- Barron's 将此次试飞定义为 Starship 技术里程碑,但同时指出 SpaceX 股价当日收跌、周跌幅较大。市场反应:SPCX.US 7月24日收盘约115.07美元,日跌约2.7%,周跌约7%。
- 韩媒在亚太周末闭市时段转述试飞成功与助推器复燃不足的混合结果。
关键理由
- Starship 上级成功部署20颗 Starlink V3 测试卫星、完成再入并在印度洋保持完整溅落,验证了关键热防护和载荷部署能力。
- Super Heavy 助推器末段减速发动机复燃不足,未能按计划软溅落,事件不是单边利好。
- SpaceX(SPCX.US)已是约1.5万亿美元级别标的,本次试飞虽有技术进展,但未披露新增订单、收入或利润增量,且盘后/报道中股价未给出正向确认。
主要风险
- 若后续 SpaceX 或 NASA 披露该次试飞显著提前 Artemis/Starlink V3 商业化时间表,可能重新提升短线重定价空间。
- IPO 后股价波动大且8月4日临近财报,单次试飞数据容易被财报和估值压力覆盖。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-25 · 影响 weakens
多家报道同时强调助推器末段复燃不足和股价继续走弱,削弱把试飞成功直接追多的边际。
检索:SpaceX Starship Flight 13 booster failed to relight stock down July 24 2026 原文 ↗
原文全文
展开原文 · 3,343 字
The 13th test flight of "Starship," the super-heavy rocket being developed by U.S. space company SpaceX, concluded largely successfully. The Starship upper stage succeeded in test satellite deployment, atmospheric reentry, and ocean splashdown, but the first-stage booster "Super Heavy" fell into the sea faster than planned due to an engine reignition problem. This test flight was the first since SpaceX's initial public offering (IPO) last month.
According to major foreign media, SpaceX launched Starship from Starbase in Texas at around 5:50 p.m. Central Time on the 24th.
This flight was the second using the "V3 Starship," equipped with the new "Raptor 3" engines, following one on May 22 this year. It was the first time an actual functioning satellite was loaded as payload.
After the first-stage Super Heavy booster separated, the Starship upper stage continued its suborbital flight and deployed 20 new Starlink V3 test satellites at an altitude of about 200 kilometers. The satellites were designed not to settle into Earth orbit but to reenter the atmosphere and burn up.
SpaceX said it succeeded in communicating with the satellites and receiving data.
After flying for about an hour, the Starship upper stage splashed down in a vertical position in the Indian Ocean at around 11:57 p.m. on the 24th.
SpaceX officials assessed that this atmospheric reentry and ocean splashdown were the most stable and smoothest among the test flights conducted so far.
Elon Musk, CEO of SpaceX, said on social media X, "Got all the heat shield data needed and then some," adding, "Ship is safe and floating in the ocean, transmitting telemetry."
Jared Isaacman, administrator of the U.S. National Aeronautics and Space Administration (NASA), also said on X that he had high expectations for the information to be obtained from this mission.
However, during the Super Heavy booster's descent into the Gulf of Mexico after separation, some engines did not reignite sufficiently, causing it to reach the sea surface faster than planned.
SpaceX had originally planned to splash the booster into the sea without recovering it, but the booster test is assessed as a partial failure because deceleration was not sufficient.
Dan Huot, a SpaceX spokesperson, said during the live broadcast of the test flight, "We were aiming for a softer splashdown, but as you saw, it came in still quite fast."
The AP and Bloomberg reported that the necessary number of engines did not reignite. Reuters, citing graphics displayed on the live broadcast, reported that five engines failed to reignite.
According to CNN, all 33 engines of the Super Heavy booster ignited normally at launch, and 13 engines reignited as planned during the stage preparing for a controlled splashdown. The problem then occurred during the final deceleration process for splashdown in the Gulf of Mexico.
This launch was initially attempted on the 16th of this month but was automatically aborted due to the failure of some engines to ignite. It was then postponed to the 23rd before being delayed one more day as thick clouds formed under the influence of the tropical storm "Versa."
SpaceX has invested more than $15 billion (about 22 trillion won) in developing the V3 Starship so far. CEO Musk has stated that he will develop the V3 rocket to be fully reusable by the end of this year.
According to major foreign media, SpaceX launched Starship from Starbase in Texas at around 5:50 p.m. Central Time on the 24th.
This flight was the second using the "V3 Starship," equipped with the new "Raptor 3" engines, following one on May 22 this year. It was the first time an actual functioning satellite was loaded as payload.
After the first-stage Super Heavy booster separated, the Starship upper stage continued its suborbital flight and deployed 20 new Starlink V3 test satellites at an altitude of about 200 kilometers. The satellites were designed not to settle into Earth orbit but to reenter the atmosphere and burn up.
SpaceX said it succeeded in communicating with the satellites and receiving data.
After flying for about an hour, the Starship upper stage splashed down in a vertical position in the Indian Ocean at around 11:57 p.m. on the 24th.
SpaceX officials assessed that this atmospheric reentry and ocean splashdown were the most stable and smoothest among the test flights conducted so far.
Elon Musk, CEO of SpaceX, said on social media X, "Got all the heat shield data needed and then some," adding, "Ship is safe and floating in the ocean, transmitting telemetry."
Jared Isaacman, administrator of the U.S. National Aeronautics and Space Administration (NASA), also said on X that he had high expectations for the information to be obtained from this mission.
However, during the Super Heavy booster's descent into the Gulf of Mexico after separation, some engines did not reignite sufficiently, causing it to reach the sea surface faster than planned.
SpaceX had originally planned to splash the booster into the sea without recovering it, but the booster test is assessed as a partial failure because deceleration was not sufficient.
Dan Huot, a SpaceX spokesperson, said during the live broadcast of the test flight, "We were aiming for a softer splashdown, but as you saw, it came in still quite fast."
The AP and Bloomberg reported that the necessary number of engines did not reignite. Reuters, citing graphics displayed on the live broadcast, reported that five engines failed to reignite.
According to CNN, all 33 engines of the Super Heavy booster ignited normally at launch, and 13 engines reignited as planned during the stage preparing for a controlled splashdown. The problem then occurred during the final deceleration process for splashdown in the Gulf of Mexico.
This launch was initially attempted on the 16th of this month but was automatically aborted due to the failure of some engines to ignite. It was then postponed to the 23rd before being delayed one more day as thick clouds formed under the influence of the tropical storm "Versa."
SpaceX has invested more than $15 billion (about 22 trillion won) in developing the V3 Starship so far. CEO Musk has stated that he will develop the V3 rocket to be fully reusable by the end of this year.
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