A technical failure involving the Super Heavy booster forced SpaceX to scrub the thirteenth Starship test flight, impacting both satellite deployment plans and stock value.

A technical failure prevented the ignition of the SpaceX Starship rocket during its 13th test flight, forcing an automatic abort at the Starbase facility. The launch team is offloading propellant and preparing for a future attempt.

SpaceX's 13th Starship test was halted seconds before launch after an automatic abort triggered by engine ignition failure. The incident caused company shares to fall to $131.11, dropping below the $135 IPO price for the first time.

SpaceX stock has slipped below its initial public offering price, marking a shift for the company following its market debut. Analysts are now closely watching upcoming earnings and insider lock-up expirations for signs of volatility.