A Blue Origin New Glenn rocket exploded during a static fire test at Cape Canaveral on May 28, 2026. The blast occurred ahead of a planned satellite launch and caused no injuries. Significant damage to the primary launch pad grounded the heavy-lift rocket program indefinitely.
The incident triggered a broad sell-off across the commercial space industry due to heightened risk concerns. Intuitive Machines stock fell 12.82% on Monday, June 1, 2026. Other space-related firms, including Redwire and Rocket Lab, also saw declines. The sell-off occurred despite recent positive news regarding new NASA contracts for the company.