Recent progress with Starship's Version 3 vehicles and the successful July 2026 Flight 13 test, which achieved hot-staging and Starlink V3 deployment, underpins the 55.5% market-implied odds for full reusability before 2027. SpaceX plans Flight 14 in late August to attempt the first tower catch of the upper stage Ship alongside booster recovery, pending regulatory approval, as stated by Elon Musk during the company's August earnings call. These milestones build on prior booster catches and position rapid flight cadence as a key enabler for demonstrating both stages' reuse. Remaining technical and approval hurdles keep the outcome closely contested, with traders weighing accelerated testing against typical development delays.