SpaceX Shares Fall as Starship Test Flight is Postponed
By Elias Schisgall
Shares of SpaceX fell after the company postponed a planned test flight of its Starship rocket at the last minute.
Shares were down 4% to $125.83 in after-hours trading. The stock closed down 3.1% at $131.11, down 19% since its debut as a public company earlier this summer.
"Standing down from today's flight test attempt," the company posted on X early Thursday evening.
Chief Executive Officer Elon Musk wrote on X that some of the spacecraft's engines failed to start, which triggered an automatic abort of the launch. "Next launch attempt hopefully in a few days," he wrote.
The launch was intended to deploy 20 Starlink V3 satellites to space. The company announced the launch earlier this week after a required investigation into an earlier test flight was closed.
The aborted launch comes one day after SpaceX shares dipped below their initial public offering price of $135 for the first time.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
July 16, 2026 19:23 ET (23:23 GMT)
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