A setback in Starship’s latest launch attempt lowered SpaceX shares to another all-time low on Friday, extending a losing streak for the stock and lowering Elon Musk’s net worth by more than $45 billion, after Wall Street appeared optimistic about the firm’s launch capabilities.
Another attempt will come “hopefully in a few days,” Musk said.
Shares of SpaceX declined 4.4% to around $125 shortly after trading opened on Friday, potentially extending a five-day losing streak for the stock, which cut its value by 14.5% as of Thursday.
Musk, who holds 4.8 billion SpaceX shares and another 350 million stock options, saw his net worth drop by $45.3 billion to $792.8 billion, though he remains the world’s richest person ahead of Google co-founders Larry Page ($282 billion) and Sergey Brin ($260.1 billion).
An extended selloff on Friday followed Musk’s announcement that Starship’s 13th launch, scheduled for Thursday evening, was aborted after some of the rocket’s engines failed to start and that another launch attempt would come “hopefully in a few days.”
