Wall Street Breakfast SpaceX completes historic Starship flight
Oct 14, 2024
SpaceX hits a major milestone with its fifth Starship test flight, successfully returning the Super Heavy booster. In other news, B. Riley plans to sell its Great American unit to Oaktree Capital for $400 million. The podcast also highlights some notable stock movers, including SentinelOne's upgrade and discusses the latest buzz around Wall Street's two-year bull run. Big events and financial decisions are shaping the market landscape!
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Starship Achieves Booster Recovery Milestone
- SpaceX's fifth Starship flight returned the Super Heavy booster to the pad using mechanical arms, marking a reuse milestone.
- The test advances Starship toward a fully reusable heavy-lift rocket for large payloads and crewed missions.
Early Tests Ended In Explosions
- Earlier Starship test flights ended in explosions during testing, showing the program's iterative risk-taking approach.
- SpaceX achieved a full successful flight on its fourth attempt before this fifth test.
B. Riley Agrees To Sell Great American
- B. Riley will sell Great American Appraisal and Valuations to Oaktree for nearly $400 million in cash and stock.
- The deal mixes cash, preferred equity, and minority common shares, with Oaktree holding most common equity.