SpaceX stock fell over 3% in extended trading following the scrubbed Starship launch, extending losses below its IPO price.
SpaceX (SPCX) shares declined more than 3% in after-hours trading after the company aborted its Starship mega rocket launch on Thursday. The drop pushed the stock further below its $135 IPO price, extending a five-day losing streak.
The delay was announced shortly before liftoff, with CEO Elon Musk stating the company aims to attempt another launch within days. The setback follows prior technical challenges and regulatory hurdles for the Starship program.
No immediate market reaction beyond the stock decline was reported, though the extended trading loss reflects investor caution ahead of the next launch attempt.