BUSINESS

United States Starship launch abort deepens SpaceX slump

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SpaceX aborted the 13th test flight of its Starship rocket on July 16 at the company’s Starbase facility in Boca Chica, Texas, after multiple Raptor engines failed to ignite during the final second of the launch sequence. The flight computer automatically shut down all 33 engines when four failed to start, according to telemetry cited by Ars Technica. Elon Musk said two engines on the Super Heavy booster will be replaced, with another launch attempt targeted for early next week. The abort follows a sharp post‑IPO stock decline, with SpaceX shares down about 40% from mid‑June highs and over $1 trillion in market value erased.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

June 2026 SpaceX completes record-breaking initial public offering
Mid-June 2026 SpaceX stock peaks near $225
Recent weeks Short interest builds to $25 billion
Thursday SpaceX closes below IPO price first time
Friday Shares fall 5.43 percent to $123.99
July 16 Starship engines misfire trigger automatic abort
July 16 Telemetry shows four Raptor engines unlit
Early next week Company targets next Starship attempt

Why This Matters to You

If you're a SpaceX investor, this launch failure is a blow. It's part of why the stock price has dropped 40% since mid-June. If you're considering investing, it's a red flag. Check your portfolio and make informed decisions.

The Bottom Line

SpaceX is in a tough spot. But, they're planning another launch attempt next week. If successful, it could help regain investor confidence. Worth forwarding if you know someone invested in SpaceX or interested in space exploration.