SpaceX stock sinks to post-IPO low after Starship launch abort
SpaceX stock has fallen nearly 5% to a post-IPO low of $125 after the company aborted Starships 13th test flight shortly before liftoff. SummarySpaceX stock fell nearly 5% to $125, slipping below its $135 IPO price.SpaceX aborted the Starship launch after two Super Heavy booster engines failed to ignite.Elon Musk confirmed engine replacements ahead of another launch attempt scheduled for July 20. SPCX has slipped below its $135 initial public offering price and lost about 35% over the past 30 days. The decline extends a losing streak that began after enthusiasm surrounding SpaceXs public debut cooled and early investors started taking profits. Source: Yahoo Finance Selling accelerated after SpaceX halted its latest Starship launch during pre-flight procedures. According to the company, at least two Raptor engines on the Super Heavy booster failed to ignite, preventing the rocket from proceeding with the planned test. CEO Elon Musk later confirmed that SpaceX would replace the affected engines before making another launch attempt. His update pushed the flight into the following week, adding a fresh setback for a stock already trading well below its post-IPO peak. To be confident of a good flight, 2 Raptors will be removed t have been in the stock in the first place. Before the