What Happened
Aerospace Giant Sees Shares Dip Amid Post-IPO Trading Volatility
SpaceX’s stock fell further in premarket trading after the company aborted a test flight for its Starship rocket due to an engine ignition failure. The incident occurred during the company’s first test flight of Starship V3 since its record-breaking IPO in June. Despite the setback, SpaceX plans to attempt another launch early next week, with billionaire founder Elon Musk announcing that two Raptors will be removed and replaced. This development was first reported by CNBC.