What Happened
Regulatory Scrutiny Over Starship V3 Booster Failure
The Federal Aviation Administration (FAA) has ordered SpaceX to investigate the failure of its Starship V3 booster during a test flight on May 22. The booster experienced an apparent engine failure, leading to a loss of control and likely explosion on impact. SpaceX must now pause any further Starship test launches until the investigation is completed and the results are submitted to the FAA for approval. This development may impact SpaceX’s anticipated IPO in mid-June, as reported by TechCrunch.