SpaceX’s Starship Engine Meltdown Proves Rockets Also Hate Networking
KEY POINTS
- •On July 16, 2026, SpaceX aborted its first Starship launch since June’s massive IPO due to engine startup failures.
- •CEO Elon Musk confirmed some engines failed to ignite, causing an automatic abort at South Texas Starbase.
- •SpaceX shares dropped below their $135 IPO price in after-hours trading following the failed launch attempt.
On July 16, 2026, at SpaceX’s Starbase in South Texas, the shiny upgraded Starship V3 decided it preferred chilling on the pad to a dramatic ascent. Elon Musk admitted 'some engines didn’t start,' triggering an automatic abort just before liftoff — proving even $85 billion IPO rockets have trust issues firing up. Despite flirting with Wall Street's bigshots like Amazon and Microsoft, SpaceX shares dipped below their $135 IPO price after hours, because apparently rocket fails are market mood swings. Musk’s consolation plan? Try again in a 'few days,' because why not add suspense to space drama?
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(1 of 3)SpaceX’s new mantra: 'Abort, Laugh, Repeat.' When your rocket's more committed to quitting than liftoff, IPO hype quickly deflates.
Sure, some engines didn’t start. Maybe Starship’s just socially awkward and avoided the big launch party.
Elon’s IPO rocket tried ghosting investors and lift-off alike. Even SpaceX's shares need a reboot after that.
Source: Businessinsider | Published: 7/16/2026 | Author: Katherine Li
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