SpaceX Stock Hammered After Starship Booster Fails in First Launch Since IPO

SpaceX’s latest Starship test showed progress in the upper stage, but the booster lost performance on descent and exploded on impact.

Investors were not reassured, and SpaceX stock fell to a new post-IPO low.

The flight demonstrated Starlink deployment and reentry survival, but reusability remains the key challenge.

As a public company, SpaceX now faces immediate market pressure after each launch, making setbacks more important for valuation.