SpaceX shares are falling for the sixth consecutive day following the cancellation of the Starship launch
SpaceX shares continued to fall following the cancellation of the Starship test launch. On Friday, the stock lost about 4% and has been on a downward trend for the sixth consecutive day.
During the scheduled test, the launch was automatically aborted in the final seconds due to a failure in the ignition system of some of the engines. Company founder Elon Musk reported that fuel venting began following the incident.
Musk later stated that two Raptor engines would be removed and replaced, and that a new attempt to launch Starship is planned for early next week.
Investors are closely monitoring the Starship program following SpaceX’s IPO. In June, the company held a record-breaking IPO, raising $85.7 billion; however, since its debut, the stock has been highly volatile and has already fallen below its initial public offering price of $135.
SpaceX’s Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas as some of its 33 engines failed to start https://t.co/qevRll1EHg pic.twitter.com/WwrrEVOrQk
— Reuters (@Reuters) July 17, 2026
The previous Starship test flight in May also ended in failure. Following that, the U.S. Federal Aviation Administration (FAA) launched an investigation and subsequently allowed the company to continue testing.
Source: CNBC.
The American company SpaceX postponed the 13th test flight of the Starship launch vehicle at the last minute. The reason was that some of the 33 engines on the Super Heavy rocket failed to ignite on time.
NASA has lost contact with the MAVEN Mars probe
As a reminder, NASA is testing the new X-59 flying machine, which promises silent supersonic flight.
NASA is also threatening to remove SpaceX from the Artemis lunar mission.
