SpaceX Stock Hits New Low After Launch Failure and Starlink Suspension
2026-07-21 07:36

Woofun AI reports that SpaceX shares declined 3.34% to close at $119.85, marking a new post-IPO low following a Falcon 9 launch abort. The mission, intended to deploy 24 Starlink satellites, failed to lift off despite engine ignition, prompting the company to suspend Starlink launches for safety reviews. This incident follows a Starship test flight abort last week. SpaceX scheduled its second-quarter 2026 financial results for release on August 4.

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SpaceX
Starlink
Starship
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