Elon Musk’s SpaceX (NASDAQ:SPCX) fell below its $135 IPO price this week, and Thursday night’s Starship launch was supposed to be the catalyst that turned things around.
Instead, the countdown stopped less than a second before liftoff.
“Some of the engines didn’t start, triggering an automatic launch abort,” Musk wrote on X, adding that two Raptor engines will be replaced ahead of a likely launch attempt early next week.
SPCX closed Thursday at $131.11, a fifth consecutive daily decline, and fell a further 3% to around $127 in Friday’s trading.
The scrubbed mission would have been the first flight since SpaceX’s record-setting IPO last month, carrying 20 Starlink satellites too big for any other rocket.
