SpaceX Rocket Launch Suffers Another Setback, Stock Price Hits New All-Time Low

BlockBeats News, July 21st, according to BIT (bit.com) market data, SpaceX (SPCX) fell by 3.34% on Monday, closing at $119.85, setting a new low since its IPO.

SpaceX was planning to launch the Falcon 9 rocket on July 20th to carry out a mission to transport 24 Starlink satellites. However, the launch experienced a rare failure. When the countdown reached 0 seconds, the engines ignited but did not launch. The live commentary immediately announced the cancellation of the launch plan, marking the second recent aborted mission. SpaceX subsequently announced the suspension of Starlink launches to ensure safety.

Furthermore, SpaceX announced that it will release its financial and operating results for the second quarter of 2026 on August 4th. Last week, SpaceX's Starship rocket was scheduled for its 13th test flight from Texas but triggered an automatic abort sequence 1 second before liftoff. (Jinse)