SpaceX Delays Starship Flight 13 As SPCX Shares Dip

SpaceX has pushed the 13th Starship test flight to Thursday, July 23. An automatic abort occurred during the initial countdown after a Raptor 3 engine failed to ignite properly. The company is currently prepping the rocket for another attempt at its Starbase site in Texas.

This mission is significant because it marks the first time Starship will carry 20 V3 Starlink satellites. A successful deployment is crucial for the company, as it proves the rocket is ready for heavier commercial cargo. Investors are watching closely since SpaceX needs a clear win to prove the reliability of its latest hardware.

Market reaction has been negative, with SPCX stock sliding more than 5 percent on Monday to trade near $124. This puts the share price dangerously close to its 52 week low and well below the initial IPO price. With August share unlocks and earnings reports on the horizon, the pressure is mounting for the aerospace giant.

Crypto traders who access tokenized SpaceX shares are seeing the volatility firsthand. Thursday will be a major test for the stock, as a successful launch could help restore confidence. If the mission fails to get off the ground again, the stock may struggle to find support as it nears its all time low.