SpaceX achieved a major milestone with Starship Flight 14 on September 28, 2026, when the vehicle completed its first orbital insertion after liftoff from Starbase, Texas, following FAA licensing the prior day. The upper stage deployed 26 operational Starlink V3 satellites—marking the first revenue-generating payload—then executed a deorbit burn and controlled splashdown in the Pacific despite an ascent engine issue that prompted an abbreviated mission. The Super Heavy booster also landed successfully in the Gulf of Mexico. Traders are pricing high probabilities for near-term launch and splashdown resolutions based on this demonstrated orbital capability, heat shield performance data, and progress toward reusable operations, with attention now shifting to Flight 15 timelines and potential booster catch attempts.