SpaceX Stock Drops 4% Ahead of Starship Flight 14

SpaceX shares fell over 4% on September 23, driven by selling pressure ahead of a lockup expiration that released 328 million shares. The company is preparing for Starship Flight 14, scheduled for September 28, which marks the rocket's first orbital mission and first revenue-generating flight carrying 26 Starlink V3 satellites. Unlike previous tests, this mission aims for an orbit 275 kilometers above Earth, with both stages being expendable. Additional insider share tranches are scheduled for release through June 2027.