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Report published September 29, 2026

Starship Flight 14 Debrief: Deutsche Bank Maintains Buy Rating on SpaceX (SPCX)

Deutsche Bank · September 29, 2026

SpaceX's Starship Flight 14 achieved orbit and deployed 26 operational Starlink V3 satellites despite brief go/no-go drama caused by an early vacuum engine shutdown. Deutsche Bank maintains a Buy rating on SpaceX with a $235 price target as development remains largely on track.

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Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

  • 1.Starship Flight 14 reached orbit for the first time and successfully deployed 26 operational Starlink V3 satellites, adding 26 Tbps of network capacity.
  • 2.A go/no-go drama occurred during ascent due to an early Raptor Vacuum engine cutoff, but controllers confirmed sea-level engine health and proceeded with the orbital insertion burn.
  • 3.Booster landing performance improved relative to Flight 13 with 11 of 13 engines relighting for the high-thrust opening, but consistency and ascent engine cutoffs remain key areas for improvement.

Table of Contents

  • Starship Flight 14 Debrief
  • What caused the go / no-go drama?
  • Mission assessment
  • What went well?
  • Valuation & Risks
  • What needs to improve?
  • Next up: Flight 15

Report data

Historical recommendations and target price: SpaceX (SPCX.OQ) (as of 09/28/2026) — as of September 28, 2026.

MetricEstimateContext
Stock Price145.47 USDClosing share price of SpaceX prior to publication
Price Target235.00 USDDeutsche Bank target price for SpaceX
Starlink V3 Satellites Deployed26 satellitesFirst operational payload deployed by Starship
Starlink Capacity Added26 TbpsTotal operational capacity added to Starlink constellation from Flight 14 payload
Insertion Burn Duration19 secondsSecond stage burn duration to achieve orbit
Source: Local exchanges via Reuters, Bloomberg; Deutsche Bank. This is a dated model snapshot, not a live forecast.

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