SpaceX Falls After Starship Launch Abort

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SpaceX Falls After Starship Launch Abort Moz Farooque ACCA Fri, July 17, 2026 at 12:17 PM EDT 1 min read SPCX TSLA This article first appeared on GuruFocus . SpaceX ( NASDAQ:SPCX ) shares fell more than 3% in extended trading after the company aborted its latest Starship launch, pushing the stock further below its $135 IPO price. The launch was called off shortly after the 90-minute window opened Thursday evening. CEO Elon Musk, who also leads Tesla ( NASDAQ:TSLA ), said some engines failed to start, triggering an automatic abort. He later said 2 Raptor engines would be removed and replaced, with another attempt most likely early next week. Warning! GuruFocus has detected 1 Warning Sign with SPCX. Is SPCX fairly valued? Test your thesis with our free DCF calculator. SpaceX builds reusable rockets, operates the Starlink satellite network and develops spacecraft for government and commercial customers. Starship is central to its long-term plans for larger satellite deployments, lunar missions and eventually Mars. The aborted flight adds pressure to a stock already on a five-day losing streak. It also delays the first test of Starship V3, the upgraded version of SpaceX's roughly 400-foot rocket, since the company's IPO last month.

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SpaceX shares fell over 3% in after-hours trading, dropping below its IPO price of $135 following the suspension of the Starship launch. The delay, caused by an engine malfunction, adds downward pressure on a stock that has declined for five consecutive days. Investors are taking a cautious approach, focusing on the success of the rescheduled launch next week and overall technical stability.

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The suspension of the Starship launch has intensified technical uncertainty, weighing heavily on investor sentiment. With the stock now trading below its IPO price, the market is signaling a lack of confidence that may persist until the technical issues are fully resolved.

Furthermore, the dual leadership role of Elon Musk across SpaceX and Tesla creates a risk of spillover effects. Investors are increasingly concerned that complications at SpaceX may overshadow Tesla's operations, leading to negative psychological pressure on both companies' valuations.

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