SpaceX shares fall 3.5% after Starship abort

• SpaceX shares fell 3.5% after Starship’s 13th test flight was automatically aborted seconds before liftoff.
• The stock traded at $126.58 premarket, more than $8 below its $135 initial public offering price.
• SpaceX plans to replace two Raptor engines and said another launch attempt could occur early next week.

SpaceX (NASDAQ:SPCX) shares fell 3.5% to $126.58 premarket after an engine failure aborted Starship’s 13th test before liftoff.

The decline marked a fifth consecutive losing session after the stock closed Thursday at $131.11, below its $135 IPO price.

“Some of the engines didn’t start, triggering an automatic launch abort,” said SpaceX Founder and CEO Elon Musk.

SpaceX will replace two Raptor engines and said the next launch attempt will most likely occur early next week.

Following the announcement, SpaceX's share price was down 3.5% at $126.58 in premarket trading.

The FAA cleared Flight 13 after SpaceX addressed a May test in which five booster engines failed to restart.

SpaceX raised $85.7 billion in June after reporting a $4.9 billion 2025 loss and later launched a $25 billion bond offering.