SpaceX launched Starship on its 13th suborbital test flight July 24, correcting some of the issues seen on the previous flight while deploying functioning satellites for the first time.
The post SpaceX conducts 13th Starship test flight appeared first on SpaceNews.
Welcome to Edition 9.04 of the Rocket Report! We've had to wait an extra week for SpaceX to get its 13th Starship test flight off the ground. A last-second abort on July 16 led engineers to roll the booster back to its hangar in South Texas to swap out engines. Starship is now back on the launch pad. Liftoff is set for Friday evening. A flawless launch and reentry will put SpaceX on the cusp of an orbital flight later this year. Ars will have a comprehensive recap story after the completion of the test flight.
As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.
India's first private rocket reaches orbit. Indian space officials celebrated the debut flight of Skyroot Aerospace’s Vikram-1 rocket, India’s first fully commercial satellite launcher, as a “grand success” Saturday after an on-target climb into a 280-mile-high orbit following liftoff from an island spaceport in the Bay of Bengal, Ars reports. The Vikram-1 lifted off from India’s primary spaceport on Sriharikota Island around midday local time. The launch was delayed more than a half-hour to resolve a last-minute technical problem. The countdown resumed, culminating in the command to ignite Vikram-1’s solid-fueled first stage booster to propel the rocket off the launch pad.
© Zhou Quan/VCG via Getty Images
Welcome to Edition 9.04 of the Rocket Report! We've had to wait an extra week for SpaceX to get its 13th Starship test flight off the ground. A last-second abort on July 16 led engineers to roll the booster back to its hangar in South Texas to swap out engines. Starship is now back on the launch pad. Liftoff is set for Friday evening. A flawless launch and reentry will put SpaceX on the cusp of an orbital flight later this year. Ars will have a comprehensive recap story after the completion of the test flight.
As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.
India's first private rocket reaches orbit. Indian space officials celebrated the debut flight of Skyroot Aerospace’s Vikram-1 rocket, India’s first fully commercial satellite launcher, as a “grand success” Saturday after an on-target climb into a 280-mile-high orbit following liftoff from an island spaceport in the Bay of Bengal, Ars reports. The Vikram-1 lifted off from India’s primary spaceport on Sriharikota Island around midday local time. The launch was delayed more than a half-hour to resolve a last-minute technical problem. The countdown resumed, culminating in the command to ignite Vikram-1’s solid-fueled first stage booster to propel the rocket off the launch pad.
© Zhou Quan/VCG via Getty Images
Welcome to Edition 9.04 of the Rocket Report! We've had to wait an extra week for SpaceX to get its 13th Starship test flight off the ground. A last-second abort on July 16 led engineers to roll the booster back to its hangar in South Texas to swap out engines. Starship is now back on the launch pad. Liftoff is set for Friday evening. A flawless launch and reentry will put SpaceX on the cusp of an orbital flight later this year. Ars will have a comprehensive recap story after the completion of the test flight.
As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.
India's first private rocket reaches orbit. Indian space officials celebrated the debut flight of Skyroot Aerospace’s Vikram-1 rocket, India’s first fully commercial satellite launcher, as a “grand success” Saturday after an on-target climb into a 280-mile-high orbit following liftoff from an island spaceport in the Bay of Bengal, Ars reports. The Vikram-1 lifted off from India’s primary spaceport on Sriharikota Island around midday local time. The launch was delayed more than a half-hour to resolve a last-minute technical problem. The countdown resumed, culminating in the command to ignite Vikram-1’s solid-fueled first stage booster to propel the rocket off the launch pad.
© Zhou Quan/VCG via Getty Images
Shares of Elon Musk’s SpaceX are continuing their weeks-long decline, hitting a new all-time low of around $115 by Wednesday afternoon.
The scale of the accumulating losses since the company’s hotly-anticipated IPO last month is staggering. The company has wiped out over $1.1 trillion in market value since hitting an all-time high of $225 last month, and it’s possible that its decline is just getting started.
The rocket company has given investors little to grasp onto, apart from an ever-optimistic Musk claiming that it could one day be worth more than the entire Earth. On Thursday, the company was forced to scrub the launch of its Starship spacecraft because several engines failed to start — a perfect metaphor for the company’s recent stock market performance.
Meanwhile, countless short sellers are making billions by betting against the company, adding plenty of downward pressure on the stock.
Looming in the background is the second quarter earnings call of Musk’s EV maker, Tesla, on Wednesday evening. The company has been burning through cash at an alarming rate despite seeing sales and revenues jump. Analysts are still keeping close tabs on the chance that Musk may fold Tesla into SpaceX, a merger of unprecedented proportions. Tesla will likely be facing plenty of questions about the possibility during this week’s earnings call.
“I think there’s over 80 percent chance that Tesla and SpaceX get together in 2027,” tech analyst and longtime Tesla bull Dan Ives said in a note. “It’s the logical move from a data engineering perspective and Musk ownership. It makes too much sense for it not to happen.”
The level of uncertainty is palpable. SpaceX is lining up its prototype Starship rocket for another launch attempt on Thursday. Roughly a week and a half later, the company is expected to release its second quarter financials, a major litmus test of where the company is headed. As Yahoo Finance notes, investors are interested in how much the rocket company will be spending on AI products and the growth of its Starlink internet satellite business.
What likely won’t change is the fact that the company’s lofty valuation remains largely disconnected from its ability to make any money. SpaceX lost almost $5 billion last year — and xAI, which was folded into the company when it took over X-formerly-Twitter, lost a further $6.4 billion.
More on SpaceX: SpaceX Is Learning a Nasty Lesson About Going Public When Your Main Product Is Experimental
The post SpaceX Stock Hits All-Time Low of $115 appeared first on Futurism.
On Thursday, Elon Musk’s SpaceX was forced to call off the latest launch attempt of its enormous Starship spacecraft. According to the almost-trillionaire, several engines failed to start, unintentionally serving as the perfect metaphor for the company’s persistent Wall Street woes.
While a scrub of a rocket launch isn’t exactly anything out of the ordinary, it was the first attempt following the company’s blockbuster IPO last month. At first, SpaceX’s stock rocketed to an all-time high of $225 by mid-June, buoyed by plenty of pent-up investor enthusiasm.
But ever since, the company has struggled to recapture that early unbridled optimism. Shares have slid consistently over the last four weeks, a bruising Wall Street performance that sheds light on lingering doubts over SpaceX’s ability to justify its vast multi-trillion dollar valuation.
Shares dipped below a bruising $120 before trading stopped on Monday afternoon, a new record low that’s well below SpaceX’s IPO price of $135. That means the plummeting stock has wiped out almost half of its value compared to its all-time high, representing over $1 trillion in market cap. Anybody who bought shares after the IPO is now officially underwater.
It’s not difficult to come up with reasons behind the company’s ongoing stock market troubles. As SpaceX’s years-long struggle to develop its super heavy launch platform demonstrates, Musk’s ambitions for the company are largely built on hopes and dreams, from orbital data centers to a city on Mars, which are cool sci-fi concepts but entirely unproven in the real world.
SpaceX is now targeting this Thursday evening for its next attempt to launch its Starship, the 13th test flight in over three years. Despite billions of dollars spent, many of these launches have ended in enormous explosions.
The stakes couldn’t be higher. SpaceX’s long-term ambitions are all tied up with the success of its Starship platform. Without it, the company may not be able to keep up with its ambitious plans to expand its Starlink satellite constellation, help NASA reach the surface of the Moon, and settle on Mars. That’s not to mention SpaceX’s lucrative multibillion-dollar contracts with the Pentagon.
On the other hand, SpaceX has bought itself plenty of time by raising tens of billions of dollars following its IPO. That’s despite having lost almost $5 billion in 2025.
Whether that will be enough cash to turn Starship into a viable and quick-turnaround space launch platform remains to be seen. For one, the degree of complexity is enormous. The spacecraft is the biggest and most powerful rocket ever built — and sticking the landing without erupting into a fireball is proving far more difficult than SpaceX may have anticipated.
More on SpaceX: SpaceX Investors Are Lamenting All the Money They’ve Lost
The post SpaceX Is Learning a Nasty Lesson About Going Public When Your Main Product Is Experimental appeared first on Futurism.
SpaceX called off a test flight of its powerful Starship rocket and Super Heavy booster as the countdown clock reached zero Thursday at the company's spaceport in South Texas.
The launch team at Starbase, Texas, just north of the US-Mexico border, aimed to launch the more than 400-foot-tall rocket at 5:45 pm local time (6:45 pm EDT; 22:45 UTC). The countdown proceeded smoothly throughout the day, culminating in the loading of more than 11.5 million pounds of liquid methane and liquid oxygen into the two-stage rocket.
But the computers controlling the countdown called an abort during the Super Heavy booster's engine startup sequence. SpaceX scrubbed the launch attempt, and engineers began preparations to drain the rocket's propellant tanks. Officials did not immediately announce when they plan to try to launch again.
© SpaceX
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