A theoretical interstellar craft; futurist propulsion and space travel concept
Blue Origin has lost a New Glenn rocket in a catastrophic engine test at Cape Canaveral, producing a fireball that damaged the LC‑36A pad and generated seismic waves. Jeff Bezos and CEO Dave Limp have said key propellant tanks and some hardware survived and the company has begun a pad rebuild, while NASA is offering technical support for Artemis-related schedules.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
AP News reports the SpaceX IPO could raise around $75 billion, financing aggressive expansion into spaceflight, lunar bases, and Mars colonization. The prospectus frames SpaceX as pursuing an interplanetary future, with Musk aiming to become the world’s first trillionaire if the plan succeeds. Separately, a wildlife land swap linked to SpaceX perches on the U.S.-Mexico border amid opposition and litigation.
SpaceX’s stock has fallen since its IPO last month. A failed Starship test flight led to a further drop, with shares trading below the IPO price and investors weighing the impact on SpaceX’s multi‑billion contracts and future launches.