Starship test flight was suspended urgently, Space X stock price plummeted, and may usher in six consecutive negative market trends
SpaceX's stock price fell sharply on Friday after the Starship test flight failed the day before. An engine ignition failure caused SpaceX to urgently halt the test launch. After the company completed a sensational IPO in June, investors paid close attention to the progress of the rocket test flight. On August 23, 2025, at the Star Base launch site in Texas, the United States, the SpaceX starship was transported from the Star Base manufacturing plant to the launch pad in preparation for its tenth test flight. SpaceX's stock price weakened again on Friday after the Starship rocket's emergency test flight was suspended at the last moment of launch on Thursday. The stock price continued to fluctuate after the superposition of the listing. It was originally planned that the Texas launch site would open a 90-minute launch window at 5:45 pm on Thursday to conduct a test launch of the Starship Heavy rocket, but an engine ignition failure forced the company to cancel the launch. Billionaire founder Elon Musk posted on the The stock fell about 4% intraday on Friday, with the stock price falling further below the IPO price of $135, and the market trend may record a sixth consecutive session of decline. Musk later added that the two Raptor engines will be removed and replaced, and the next launch is scheduled for early next week. SpaceX completed the largest initial public offering in history in June this year, raising as much as US$85.7 billion, with an issue price of US$135. After the listing, the stock price fluctuated violently, so investors paid special attention to the results of each rocket test flight. This is SpaceX’s first third-generation starship test flight since it went public. The last round of test flights in May this year also failed: the Starship's second-stage rocket body eventually crashed into the Indian Ocean; 5 of the 33 Raptor engines failed to ignite a second time, and the overweight booster failed to achieve a controlled recovery landing in the Gulf of Mexico. The U.S. Federal Aviation Administration (FAA) launched an investigation into the May test flight accident and lifted restrictions on Monday, allowing the company to resume test flights.