SpaceX Starship Reaches Orbit for First Time Despite Engine Failure

9/28/2026
Impact: 70
Industrials

SpaceX successfully sent its Starship into orbit for the first time on Monday, despite an early engine failure. The spacecraft deployed 26 Starlink V3 satellites, marking a significant milestone in its transition from a test vehicle to an operational launcher. Following the announcement of the engine issue, shares fell about 2% in premarket trading but recovered after the successful orbital insertion. The deployment is expected to enhance Starlink's network capacity significantly, with each satellite capable of providing about 1 terabit per second of downlink capacity.

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