From April 30, 2026, to May 2, 2026, the price of '7-8' fell from 18.2c to 9.1c, and '9-10' fell from 14.55c to 4.05c. The reason is that as time progresses, the market realizes the time window for medium-to-high frequency launches this year is very tight, prompting capital to exit unrealistic expectation brackets.
From April 28, 2026, to April 30, 2026, the price of '7-8' surged from 3.25c to 18.2c, and '9-10' rose from 5.1c to 14.55c, likely due to short-term positive rumors regarding launch licenses or accelerated progress, attracting speculative capital.
From April 16, 2026, to April 18, 2026, the price of '9-10' plummeted from 17.45c to 4.55c. This was caused by the market's expectation of consecutive high-frequency launches being dashed after a brief spike, with capital returning to reality and deeming the likelihood of 9-10 launches this year negligible.
From April 1, 2026, to April 3, 2026, the price of '<5' surged from 44c to 64c. The reason is that with the end of the first quarter, market expectations for Starship achieving a high launch cadence this year cooled drastically, prompting a rapid capital shift into the most conservative frequency bracket.
From March 15, 2026, to March 19, 2026, the price of '<5' rose from 28c to 37c, while '5-6' declined. The reason is that as mid-March passed without signs of high-frequency launches in Q1, the market began repricing the risk of 'low frequency/delays', causing capital to flow from optimistic middle brackets to conservative lower brackets.
On March 5, 2026, the price of '<5' plummeted from 32c to 22c within 5 hours, before rebounding to 26c. This likely stemmed from a successful key ground test by SpaceX in early March, which alleviated extreme pessimism about a 'stalled H1'.
From Feb 21, 2026, to Feb 22, 2026, the price of '5-6' surged from 26c to 40.5c due to a sharp reality check, where smart money capitulated on the '10 launches' bull case and flooded into the realistic bracket.