SpaceX Postpones Starship Flight Test on July 16 After Engine Ignition Failure; Stock Falls 3%

SPCX-3.14%
According to Reuters and Bloomberg, SpaceX postponed Starship's 13th test flight on July 16 (local time) at the Starbase facility in Texas after several of the vehicle's 33 main engines failed to ignite properly during the final seconds before launch. Following the announcement, SpaceX's stock price declined 3% in after-hours trading, marking the company's first major test flight delay since its IPO last month.
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