SpaceX (SPCX) Is Down 14.7% After Starship Abort and Rising Scrutiny of Its Lofty Valuation - Yahoo Finance
SpaceX shares dropped 14.7% following a failed Starship test flight and growing investor skepticism regarding the company's valuation. The company faces pressure to prove its execution capabilities after its recent IPO.
Why it matters
As a major player in the aerospace and AI sectors, SpaceX's market performance and technical reliability have significant implications for the broader tech industry and space economy.
SpaceX (SPCX) Is Down 14.7% After Starship Abort and Rising Scrutiny of Its Lofty Valuation Sasha Jovanovic Sat, July 18, 2026 at 12:18 AM EDT 3 min read SPCX -5.43% Trade SPCX on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
In mid-July 2026, SpaceX's highly anticipated 13th Starship test flight was automatically aborted seconds before liftoff due to multiple Raptor engines failing to ignite, intensifying scrutiny of the company just weeks after its record-breaking IPO.
At the same time, SpaceX joined the Nasdaq‑100 and faced heavy short interest and looming insider lockup expirations, sharpening debate over whether its ambitious mix of launch, Starlink and AI projects justifies such an elevated valuation.
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