What Happened
Tropical Storm Intervenes, Raising Concerns Over Commercialization Timeline
SpaceX shares plummeted over 4% on Friday after the company’s critical Starship flight test was postponed for the second time in a week. The latest delay was caused by cloud cover from Tropical Storm Bertha, while an earlier attempt was automatically aborted due to engine ignition anomalies. This marks SpaceX’s first flight test since its record $86 billion IPO, and highlights the high-risk nature of its strategy to bet entirely on Starship. The delays have raised concerns about potential future launch capacity gaps, with the stock now trading more than 14% below its $135 IPO price, as reported by finance.biggo.com.