SpaceX called off a major Starship test flight during its 13th launch attempt in Texas, aborting the mission at the last moment before liftoff. Elon Musk said some engines failed to ignite, triggering an automatic shutdown of the launch sequence, while propellant is now being unloaded. The company may try again in the coming days. Market reaction was swift. According to BIT (bit.com) market data, SpaceX-linked SPCX fell 3.1% to close at $131.11, marking its first close below its IPO price, and dropped more than 3% again in after-hours trading. The sell-off spread across U.S.-listed space stocks, with Virgin Galactic, AST SpaceMobile, Rocket Lab, and Redwire all posting losses, led by a 17.04% drop in ASTS.
SpaceX called off a major Starship test flight on July 17, aborting the company’s 13th launch attempt in Texas at the final moment before liftoff.
Elon Musk said some engines failed to ignite, which led the system to automatically terminate the launch sequence. Propellant is currently being unloaded. SpaceX may make another launch attempt in the next few days.
According to market data from BIT (bit.com), SpaceX (SPCX) fell 3.1% to close at $131.11, its first close below the IPO price. The stock then extended losses by more than 3% in after-hours trading.
U.S. space-related stocks also sold off across the board. Virgin Galactic (SPCE) fell 4.43%, AST SpaceMobile (ASTS) dropped 17.04%, Rocket Lab (RKLB) lost 11.6%, and Redwire (RDW) declined 9.73%.
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