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Industry
SpaceX to attempt first orbital insertion on Sept. 22, deploy 26 Starlink satellites
SpaceX plans to attempt its first insertion of Starship’s upper stage into Earth orbit in its 14th test flight on Sept. 22 and deploy 26 third-generation Starlink satellites. The company plans a 75-minute launch window starting at 7:15 a.m. Central time, subject to regulatory approval. The upper stage is set to enter about a 275-km orbit, circle Earth six times over about 10 hours and end the mission.
Industry
SpaceX loses over $500 billion in market value a month after IPO ahead of first earnings
SpaceX is set to report its first earnings since its IPO after losing more than $500 billion in market value in about a month. Shares have fallen for four straight weeks since trading began on June 12 and are down more than 50 percent from an intraday peak. The company reports after the close on Aug. 5. Lockup expirations, short selling, Starship progress and an AI push are among factors in focus.
Finance
KB Kookmin Bank arranges 4 trillion won financing for U.S. LNG infrastructure
KB Kookmin Bank has completed the arrangement of financing for a U.S. offshore LNG infrastructure development project. The bank said it completed joint arrangement of project financing for the Delfin floating liquefied natural gas development project, with the financing agreement signed on June 3 local time. The syndicated financing totals $2.676 billion, or about 4 trillion won, and KB Kookmin Bank arranged and participated with $160 million.
