SpaceX had to delay the 13th major launch of its Starship rocket after an engine issue arose during the countdown at its Starbase site in South Texas. Although smoke was visible at the planned launch time, the rocket did not lift off. SpaceX is investigating the cause of the engine failure and plans to attempt the launch again soon.
The postponement quickly impacted financial markets, contributing to a decline in SpaceX stock and dragging down technology-focused indices. This setback came amid a challenging day for the tech sector, with semiconductor companies and related stocks also seeing notable losses. The launch delay added to what was already one of the more difficult trading sessions for technology shares in recent memory.