Breaking: SpaceX Confirms Deployment of All 3 Bluebird Satellites, SPCX Stock Gains

Kritika Mehta
Updated
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.
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Breaking: SpaceX Confirms Deployment of All 3 Bluebird Satellites, SPCX Stock Gains

Highlights

  • SpaceX has announced successfully completion of the Bluebird 8-10 mission.
  • The aerospace company has confirmed deployment of all bluebird satellites today.
  • This feat pushed the SPCX stock price up in the pre-market trading session on Wednesday.

Elon Musk’s SpaceX revealed it successfully launched AST SpaceMobile’s new batch of BlueBird satellites from Florida. After this announcement, SPCX shares rose in pre-market trading on Wednesday.

SpaceX Successfully Deploys All Bluebird Satellites

SpaceX wrote on X, “Deployment of all three BlueBird satellites confirmed.” This revelation came after the company filed with the SEC to make its X account the official disclosure channel to post regular updates. The company went public on June 12 and has now ramped up its operations.

For context, the BlueBird 8-10 mission lifted off aboard a Falcon 9 rocket at 2:39 a.m. ET on June 17 from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station. The satellites are a component of AST SpaceMobile’s goal of advancing a space-based cellular broadband network.

SpaceX also accomplished another milestone for reusables. The first-stage booster of the Falcon 9 flew its 29th mission. The booster had previously powered a number of important missions, such as Crew-5, GPS III Space Vehicle 06, Inmarsat I6-F2, CRS-28, NG-20, TD7 and 21 Starlink.

After separating from the stage the booster made a successful landing on the A Shortfall of Gravitas droneship in the Atlantic Ocean where it was recovered for future missions.

SPCX Stock Reaction

The launch boosted the shares of Space Exploration Technologies Corp. (SPCX) on Wednesday. The SPCX stock moved slightly higher to $207.81 in pre-market trading today, up 2.98%.

Moreover, the SpaceX stock previously closed at $201.80, up 4.83% on Tuesday, June 16. However, it declined significantly from its intraday high of $225.64, which even pushed it beyond Amazon and Microsoft in valuation.

The stock traded between $195.13 and $225.64 per share on Tuesday, continuing its impressive rally since Friday’s IPO. This surge pushed Elon Musk’s net worth past $1.4 trillion, which is more than the entire Bitcoin market cap.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.