SpaceX Nears 13th Starship Test as Stock Rebounds 7%

SpaceX stock is approaching a key operational catalyst with its 13th Starship flight test expected by mid-July 2026. After a 17.2% drop in its first full week of trading to close at $153.23 on June 26, shares rebounded 7% on June 29 amid heavy bullish options activity. The June 12 IPO raised $75 billion while a $25 billion bond sale drew nearly $90 billion in orders. Surging demand for SpaceX-linked perpetual futures on MEXC has pushed cumulative volume past $7.13 billion in two weeks. Despite the operational momentum, the company posted a $4.9 billion net loss in 2025 and Starlink ARPU has declined to $66.