SpaceX Stock Falls Over 5% as Starship Launch Aborts on Engine Failure Friday

SpaceX shares fell over 5% on Friday after the company's Starship rocket aborted its 13th flight test at Starbase in Texas. The launch stopped seconds before liftoff when four of the rocket's 33 Raptor engines failed to ignite, triggering an automatic abort. SPCX traded near $126.08, down 3.84%, falling below the company's June IPO price of $135. According to Elon Musk on X, teams offloaded propellant and would replace two Raptor engines for the next attempt.

SpaceX is now targeting Monday, July 20, at 6:45 p.m. ET for the next Starship test, which will carry 20 upgraded Starlink V3 satellites and test orbital communications while advancing vehicle development.