Recent Starship Flight 13 in July 2026 delivered an intact upper stage with an undamaged heat shield after a controlled splashdown, providing SpaceX its first detailed post-flight data on V3 hardware including Raptor 3 engines. Multiple prior flights achieved repeated Super Heavy booster catches via tower arms, while planned Flight 14 targets the first ship catch at the launch site. These milestones, alongside orbital refueling demonstrations and Musk’s timeline for initial vehicle reflights by early 2027, underpin trader confidence in full two-stage reusability before 2028. Remaining hurdles center on rapid turnaround cadence and regulatory approvals for routine tower returns.