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Home»Stock Market»SpaceX aborts Starship take a look at flight, sending inventory decrease
Stock Market

SpaceX aborts Starship take a look at flight, sending inventory decrease

EditorBy EditorJuly 17, 2026No Comments3 Mins Read
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SpaceX aborts Starship take a look at flight, sending inventory decrease
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A common view of a SpaceX constructing and Starship rocket forward of the SpaceX preliminary public providing (IPO), in Starbase, Texas, U.S., June 11, 2026.

Gabriel V. Cardenas | Reuters

SpaceX scrubbed the launch of its Starship mega rocket on Thursday, with CEO Elon Musk pledging to make one other try “hopefully in just a few days.”

A 90-minute launch window opened at 6:45 p.m. ET, and inside minutes, the reusable rocket maker introduced on a livestream that it was standing down for the day.

“A few of the engines did not begin, triggering an computerized launch abort,” Musk wrote in a submit on X. He added later in one other X submit: “To be assured of a very good flight, 2 Raptors might be eliminated & changed. Most possible launch timing is early subsequent week.”

Shares of SpaceX fell greater than 3% in prolonged buying and selling, sinking additional beneath its IPO value of $135. The inventory is on a five-day dropping streak.

The rocket was poised for takeoff from SpaceX’s Starbase complicated in South Texas when a maintain was triggered on the booster, which “shut down the engines proper as they have been beginning to ignite,” a SpaceX worker stated on the livestream.

It will’ve been the primary take a look at flight of Starship V3, an upgraded model of its roughly 400-foot-tall rocket, since SpaceX’s blockbuster preliminary public providing final month.

An earlier V3 take a look at launch in Might didn’t go completely.

After a profitable liftoff, a number of engines within the backside stage of the rocket did not reignite to assist information it to a comfortable touchdown, inflicting it to plummet into the Gulf of Mexico.

The Federal Aviation Administration ordered SpaceX to research the anomaly, and on Monday, the company cleared Starship to fly once more.

“The ultimate mishap report cites two most possible root causes for the lack of the Tremendous Heavy booster as warmth results on propulsion system elements through the ascent and faulty engine alarm system settings,” the FAA stated in an announcement.

SpaceX recognized 4 corrective actions, together with automobile {hardware} and software program updates, “to stop a reoccurrence of the occasion,” the company stated.

As a part of Thursday’s mission, Starship deliberate to ferry 20 functioning, next-generation Starlink satellites, which have been anticipated to increase their photo voltaic arrays and antennas, then try to attach with the broader Starlink constellation, SpaceX stated. The satellites are anticipated to “demise upon reentry roughly 20 minutes after deployment,” the corporate famous.

Traders are intently watching the thirteenth Starship take a look at flight as the enormous rocket is essential to SpaceX ambitions to scale its Starlink satellite tv for pc web service, and to finish Artemis take a look at flights with NASA because it goals for the U.S. house company’s subsequent moon touchdown.

Since they hit the general public markets final month, SpaceX shares have skyrocketed, then fallen, and briefly dipped beneath their $135 IPO value on Wednesday. The inventory continued to fall on Thursday, sliding greater than 3% to shut at $131.11.

With the IPO, SpaceX raised a complete of $85.7 billion, together with the underwriters’ choice, making it the most important IPO on file.

— CNBC’s Lora Kolodny contributed reporting to this text.

Select CNBC as your most well-liked supply on Google and by no means miss a second from essentially the most trusted title in enterprise information.
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