SpaceX Starship Test Flight Aborted, SPCX Closes Below IPO Price for First Time
2026-07-17 07:58

Woofun AI reports that SpaceX canceled its 13th Starship test flight in Texas, aborting the mission moments before liftoff due to engine ignition failures. The company is currently offloading propellant and plans another attempt in the coming days.

SPCX shares fell 3.1% to close at $131.11, marking the first close below its IPO price, with post-market trading showing a further decline of over 3%. Broader US space sector equities also declined, with Virgin Galactic down 4.43%, AST SpaceMobile down 17.04%, Rocket Lab down 11.6%, and Redwire down 9.73%.

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Tags:
Musk
Starship
BIT
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