• Shares of SpaceX (SPCX) are trading 4.4% down at $125.38 after its Starship mega rocket launch was called off today, accelerating its post-IPO pullback.
  • The stock has been under pressure for several sessions, falling below its IPO price of $135, amid concerns over new debt issuance, increasing short interest, and looming lockup expiries.
  • The launch abort occurred as some engines failed to start, triggering an automatic shutdown for the first test flight of Starship V3 since SpaceX's blockbuster IPO.