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SpaceX stock declines following cancellation of Starship rocket test flight
SpaceX's stock price dropped significantly after the last-minute cancellation of the "Starship" rocket test flight due to a malfunction in one of its engines. This decline came amid market fluctuations following its IPO, which raised $85.7 billion, with the stock decreasing by 3.5%. Elon Musk promised to remove and replace two Raptor engines, with plans to launch a new rocket next week. Meanwhile, markets are closely monitoring the company's test results after a previous failure of the "Super Heavy" rocket to land successfully.
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