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SpaceX aborts Starship launch, shares tumble 25%

7/22/2026

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Summary

Story summary

SpaceX called off Thursday’s Starship launch after several engines failed to start.
Shares fell from a mid-June peak of $225 to about $119.85, a drop of more than 25% since the June 12 IPO.
The $1.6 trillion market value, about 88 times sales, follows a $5 billion 2025 loss and a $4.9 billion net loss, prompting analysts to deem the stock speculative despite a “moderate buy” consensus and a $231.83 mean target.

History

Historical Context

On January 28 1986 NASA’s Challenger broke apart 73 seconds after liftoff, killing seven crew and prompting the Rogers Commission to cite O-ring failure and cultural flaws. The 32-month shuttle pause reshaped U.S. launch policy and safety oversight. Decades later, SpaceX’s Starship test faced a similar abort, reviving calls for rigorous testing and regulatory scrutiny.

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Story summary

SpaceX called off Thursday’s Starship launch after several engines failed to start.
Shares fell from a mid-June peak of $225 to about $119.85, a drop of more than 25% since the June 12 IPO.
The $1.6 trillion market value, about 88 times sales, follows a $5 billion 2025 loss and a $4.9 billion net loss, prompting analysts to deem the stock speculative despite a “moderate buy” consensus and a $231.83 mean target.

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