Starship in the Doldrums: What's Behind SpaceX's Market Meltdown The meteoric rise of Elon Musk's SpaceX on Wall Street has come crashing back down to earth.
Since mid June, the company's market capitalization has plummeted by $1 trillion, with the trigger being the scrapping of its latest Starship launch attempt due to an engine ignition failure.
SpaceX's woes run deeper than a mere blip on the radar. The firm's struggles are symptomatic of broader issues that threaten to derail its ambitious plans for space travel.