SpaceX Stock Sinks to Post-IPO Low After Starship Launch Abort
The stock fell 3.9% to $126.00 as the aborted mission delayed a key test and left near-term technicals under pressure.
- On Friday, Space Exploration Technologies shares fell to a new 52-week low, extending losses after Thursday's aborted Starship launch attempt at the Starbase facility in South Texas.
- Engine ignition failure forced the scrub when at least two Raptor engines on the Super Heavy booster failed to ignite. CEO Elon Musk confirmed "some of the engines didn't start, triggering an automatic launch abort."
- Shares closed below the $135 IPO price for the first time, marking a 35% decline over the past month as the company lost roughly $320 billion in market value since its June 12 debut.
- Replacing two faulty Raptor engines, the company is targeting early next week for the 13th test flight of Starship. Musk said the team will remove and replace the engines "to be confident of a good flight."
- Starship remains critical for NASA's Artemis program and Starlink broadband expansion, though looming lockup expirations pose risk; 911.5 million shares become eligible for sale shortly after the August quarterly report.
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Elon Musk Isn’t a Trillionaire Anymore, Says Forbes — SpaceX Stock Dropped After Aborted Launch
Allison Robbert/Pool via AP The world’s first trillionaire is back to slumming it among the billionaires, according to a report by Forbes. That’s right. Elon Musk saw his net worth drop back to a mere twelve digits after the SpaceX stock price took a tumble after the latest failed Starship launch attempt, reported Forbes’ Ty Roush on Friday. Musk became the world’s first trillionaire last month after SpaceX went public in the largest initial pub…
SpaceX targets next week for another Starship launch attempt as shares slide on abort
By Joey Roulette WASHINGTON, July 17 (Reuters) - SpaceX is targeting Monday for another attempt to launch its Starship rocket after a last-second abort during engine ignition on Thursday, a brief setback that nevertheless wiped roughly $100 billion fro...
SpaceX shares fall for sixth straight day after Starship launch failure SpaceX shares fell 4% on Friday after a Starship test flight was canceled due to engine failure. Elon Musk said about engine replacement and plans for the next launch at the beginning of the week.
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