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The Air Current • Elan Head

SpaceX shares rebound nearly 60% from August low as Starship progress and AI business lift valuation

SpaceX shares have climbed to their highest level since June, recovering nearly 60% from an early-August low and restoring Elon Musk’s trillionaire status. The rebound has been attributed to progress on Starship and the company’s AI business, as well as a bullish Morgan Stanley call; a separate report says the FAA has loosened its tolerance for aircraft exposure to falling space debris.

2026-10-05T12:20:12.139165-07:00

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The Air Current

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SpaceX shares rebound nearly 60% from August low as Starship progress and AI business lift valuation

SpaceX shares have climbed to their highest level since June, recovering nearly 60% from an early-August low and restoring Elon Musk’s trillionaire status. The rebound has been attributed to progress on Starship and the company’s AI business, as well as a bullish Morgan Stanley call; a separate report says the FAA has loosened its tolerance for aircraft exposure to falling space debris.

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FAA proposal to update airline medical kits draws criticism for sidelining expert recommendations

The FAA is proposing changes to the medical equipment airlines must carry, but doctors say the plan fails to adopt recommendations from an expert panel, including requiring modern tools such as EpiPens. The proposal instead emphasizes carrier flexibility, raising questions about consistent onboard emergency preparedness.

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Mexico’s Flight Data Recorder Rules Create Compliance Challenge for Charter Operators

Mexico’s requirements for flight data recorders are creating compliance challenges for charter operators, particularly those flying light and midsize jets that typically lack FDR equipment. The rules could require operators to assess aircraft capabilities, retrofit fleets or adjust operations to meet national safety requirements.

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Flying Magazine

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FAA hires record 2,235 air traffic controller trainees in fiscal 2026, but chronic shortage persists

The FAA recruited 2,235 air traffic controller trainees in fiscal year 2026, exceeding its hiring target and setting an agency record. The milestone strengthens the staffing pipeline, but the agency continues to face a chronic controller shortage that remains an operational constraint.

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U.S. ambassador warns EU space preference rules could weaken trans-Atlantic military cooperation

The U.S. ambassador to the European Union warned that proposed rules favoring non-EU content in military programs and requiring European design authority could undermine trans-Atlantic space cooperation. The criticism argues that prioritizing geographic origin over product quality may weaken European security.

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