🔴 SpaceX is trading 4.5% down today after Starship launch abort fuels execution concerns

SpaceX is trading 4.5% down at $123.61 after a last-second Starship launch abort intensified investor concerns regarding post-IPO execution and new debt issuance.

• The Flight 13 test was scrubbed when several Super Heavy Raptor engines failed to start, triggering an automatic abort and delaying a crucial post-IPO test flight.
• The technical setback adds significant pressure to the stock, which has already fallen below its $135 IPO price.