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The Independent UK

National

Anthony Cuthbertson

SpaceX aborts Starship launch attempt as Elon Musk’s net worth falls

Elon Musk SpaceX

SpaceX 's Starship launch was aborted on Thursday just seconds before liftoff due to multiple engine failures.
This scrubbed launch occurred hours after SpaceX shares fell below their initial public offering ( IPO ) price of $135 for the first time.
The stock slide has reduced Elon Musk 's net worth to $833 billion, down from his peak as the world's first trillionaire.
SpaceX's valuation is heavily dependent on Starship's success, as it is crucial for a Nasa Moon contract and expanding the Starlink internet network.
Elon Musk stated that two engines will be replaced, and the next Starship launch attempt is anticipated as early as next week.

IN FULL

Starship launch fails to take off as SpaceX stock plunges to new low

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The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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