SpaceX Cancels Starship Major Test Flight, SPCX Closes Below IPO Price for the First Time, US Space Stocks Plunge Across the Board

BlockBeats News, July 17th, SpaceX canceled a major Starship test flight mission during the 13th test flight in Texas, aborting the launch at the last moment before liftoff. Musk stated that some of the engines failed to ignite, prompting the automated shutdown of the launch sequence. Currently offloading propellant. SpaceX is expected to make another launch attempt in the coming days.

According to BIT (bit.com) market data, SpaceX (SPCX) fell by 3.1%, closing at $131.11, marking the first post-IPO closing below the IPO price, with an additional drop of over 3% in after-hours trading. US space-related stocks experienced a sharp decline, including:

Virgin Galactic (SPCE) down 4.43%;

AST SpaceMobile (ASTS) down 17.04%;

Rocket Lab (RKLB) down 11.6%;

Redwire (RDW) down 9.73%.