Why is SpaceX stock up 0.3% as Starship launch targets cheaper Starlink capacity?

SpaceX shares rose 0.3% in overnight trading heading into Monday, as investors watched for the company's upcoming Starship launch and its potential impact on Starlink's network capacity. The stock move came ahead of Starship's first attempt to reach Earth orbit and deploy 26 Starlink satellites.The launch is important because SpaceX plans to use Starship not only for space missions but also to expand its Starlink broadband network. SpaceX stock fell 3% last week, ending a four-week winning streak. Despite Monday's rise, SPCX shares remain down 8% so far this year.Starship prepares for first orbital flightSpaceX's Flight 14 mission is scheduled to launch from Starbase, Texas. The 75-minute launch window opens at 8:15 am ET on Monday, giving SpaceX a chance to attempt Starship's first orbital flight.The Federal Aviation Administration (FAA) approved Flight 14's launch and reentry operations over the weekend, clearing the way for the mission.