business π SpaceX planning Falcon wind-down for Starship focus
Elon Musk announced a plan to wind down the Falcon rocket program when Starship flies reliably several times weekly. This decision impacts SpaceX, the company behind Falcon 9 and Falcon Heavy, where they have stopped most new commercial bookings past late 2028. The stock slipped 2% overnight after this announcement, while Starship's first reflight is expected by early 2027. This shift could deepen the existing global launch-capacity shortage faced by satellite operators. Meanwhile, DZ Bank issued a rare 'Sell' rating with a 27% downside target. π