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SpaceX launches Starfall pod, lands $102M Pentagon contract

6/29/2026

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Story summary
  • SpaceX launched the 10.2-foot-wide, 2.5-foot-tall Starfall re-entry pod on June 23 from Cape Canaveral, which carries up to 1 metric ton and lands by parachute.
  • The Pentagon awarded SpaceX a $102 million point-to-point cargo contract.
  • Varda Space Industries and United Therapeutics reported a $2.2 million launch-return cost for microgravity drug manufacturing.
  • Starlink earned $4.42 billion operating income in 2025.
  • SpaceX’s stock trades about 53% above Morningstar’s intrinsic value.