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SpaceX engineers doubted Elon Musk's rocket-catching idea, but it proved successful with Super Heavy boosters.

Market News
22 Sep 2026
24/7 Wall Street
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Neutral
SpaceX engineers doubted Elon Musk's rocket-catching idea, but it proved successful with Super Heavy boosters.

Former SpaceX engineer Tom Mueller revealed that when Elon Musk proposed catching returning Super Heavy boosters with mechanical arms on the launch tower, engineers initially dismissed the idea as impossible. However, SpaceX successfully demonstrated this technique starting in October 2024, marking a major engineering breakthrough. This innovation was achieved before SpaceX's June 2026 IPO, so public investors missed the initial milestone. Today, SpaceX operates across launch services, satellite broadband via Starlink, and AI/cloud computing, reflecting its diversified business model beyond just rockets.

SpaceX shares trade at USD 153.68 on Pluang as of September 22, 2026, showing a 1.21% increase for the day. The company holds a substantial market cap of $2.00 trillion, reflecting its significant presence in industrials and technology sectors. Despite a 63% sell order activity on Pluang, SpaceX maintains strong investor interest with a typical hold time of 36 days.

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