Blue Origin Rocket Explodes, SpaceX Lowers IPO Valuation, US Space Stocks May Face Sell-off

BlockBeats News, May 29th. On the evening of May 28th local time in the United States, during a static fire test at Launch Complex 36 at Cape Canaveral Space Force Station, Florida, the Blue Origin New Glenn rocket first stage booster exploded. The booster was completely destroyed, the launch pad was damaged, but all personnel were safe. Jeff Bezos responded to this incident, stating that the team is investigating and committed to rebuilding.

On the same day, sources revealed that Elon Musk's SpaceX is currently seeking a valuation of at least $1.8 trillion in its IPO, lower than the previously reported $2 trillion.

This news may have triggered fluctuations in the stock prices of related companies in the US stock market. As of the time of publication, Rocket Lab was down 2.38% in pre-market trading, AST SpaceMobile was down nearly 10% in pre-market trading, and Redwire was down nearly 5% in pre-market trading.