SpaceX Drops 14.7% as Starship Test Aborted
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- SpaceX (SPCX) dropped 14.7% after its 13th Starship flight test was scrubbed due to an engine failure
- SpaceX stock closed at session lows, with the aborted launch marking the first Starship test attempt since the company's IPO and drawing renewed scrutiny of its valuation
Why it matters: A 14.7% single-session drop in a newly public name like SpaceX means the market priced in real risk to the Starship timeline on the first post-IPO test — and the headline cites 'rising scrutiny' of valuation, meaning the engine failure arrived at the worst possible moment for the bull case.
