On September 19, SpaceX declined 3.07% in regular trading, trading at $150.036/share, with turnover of $79.85 billion. The stock retreated as SpaceX postponed the Starship Flight 14 test launch from its previously scheduled September 22 date to September 28, pending regulatory approval.

The delay weighed heavily on sentiment as a successful Starship test flight is central to the bull case for SpaceX. Flight 14 is expected to be the first mission to attempt full Earth orbit and deploy 26 production-grade Starlink V3 satellites, marking the first revenue-generating Starship flight. Any postponement directly impacts timelines for Starlink network expansion and commercial launch economics, prompting retail investors to reduce positions.

Meanwhile, the options market continued to signal bearish positioning. A $140 million in-the-money put selling combination and a $1.75 million bear put spread appeared on the same day, with capital heavily concentrated in put-related structures. Additionally, SpaceX faces a lock-up expiration on September 24 with up to 328 million shares potentially released, adding further supply-side pressure. On the positive side, NASA awarded SpaceX three crewed ISS missions valued at $946 million, though the contract news failed to offset broader concerns.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)