Recent V3 Starship test flights, including Flight 13's intact upper-stage recovery with undamaged heat shield tiles and successful orbital refueling demonstrations, have accelerated progress toward full reusability of both the Super Heavy booster and ship. Elon Musk's statements projecting the first ship reflight by late 2026 or early 2027, combined with repeated tower catches on boosters and Raptor 3 engine upgrades, underpin the 75.5% market-implied odds for achieving operational reuse before 2028. Key near-term catalysts include planned ship tower-catch attempts in the coming months, higher flight cadence targets, and FAA approvals for expanded profiles, though timelines remain subject to technical iteration and regulatory pacing typical of complex launch systems.