Space Exploration Technologies Corp. Class A Common StockTest flight rescheduled after abort; hardware/software issues delay Starship progress, critical to valuation

SpaceX has rescheduled its 13th Starship test flight to Thursday, July 23, after an automated abort halted the previous attempt on July 16. The company said the flight will aim for a successful launch, ascent, stage separation, boostback burn, and landing burn in the Gulf of America, with hardware and software changes to correct issues from the prior test. Founder Elon Musk noted that two Raptor engines on the booster will be replaced after four of 33 engines failed to ignite, triggering the abort. The market erased $100 billion of SpaceX's market cap following the scrub, underscoring how critical Starship is to the company's valuation, which hinges on launching heavy payloads and future orbital AI data centers. SpaceX expects Starship to begin orbital payload delivery in the second half of this year, with AI compute satellites potentially deploying as early as 2028.
Space Exploration Technologies Corp. Class A Common StockTest flight rescheduled after abort; hardware/software issues delay Starship progress, critical to valuation
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