On July 17, SpaceX canceled a major test flight of its Starship, aborting the launch at the last moment during its 13th test flight in Texas. Elon Musk stated that some engines failed to ignite, leading the system to automatically terminate the launch procedure. Currently, propellant is being unloaded. SpaceX is expected to attempt another launch in the coming days. According to BIT (bit.com) market data, SpaceX (SPCX) closed down 3.1% at $131.11, marking its first close below the IPO price, and fell over 3% in after-hours trading. U.S. space concept stocks experienced a widespread decline, including: Virgin Galactic (SPCE) down 4.43%; AST SpaceMobile (ASTS) down 17.04%; Rocket Lab (RKLB) down 11.6%; and Redwire (RDW) down 9.73%.
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SpaceX Cancels Major Starship Test Flight, SPCX Closes Below IPO Price for First Time, U.S. Space Stocks Plummet
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