What Happened
High Stakes For Critical Milestone After IPO
SpaceX is set to attempt a major test of its Starship rocket on Thursday, following an aborted launch last week. The test marks the second flight of the latest iteration of the rocket, dubbed Version 3 or V3, and will carry upgraded Starlink satellites to space. The launch is a critical milestone for SpaceX, which has spent over $15 billion developing Starship. According to Yahoo Finance, the company’s shares fell after the aborted launch, highlighting the risks associated with the development cycle.