New Delhi, July 25 (IANS) US aerospace company SpaceX launched its Starship vehicle in a test flight to validate technology central to CEO Elon Musk’s ambitions for Starlink expansion, as the company’s stock continues to slide.The rocket’s Super Heavy booster detached from the Starship spacecraft nearly two minutes after the launch, and made a controlled splashdown in the Gulf. This was the second flight of the Starship and Super Heavy V3 vehicles and the first Starship flight to deploy the …
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New York, July 17 (IANS) SpaceX shares slipped below their initial public offering (IPO) price for the first time after the company aborted the launch of its flagship Starship rocket, extending the stock’s losing streak since its market debut.The shares closed at $131.11, down 3.08 per cent for the day and below the IPO price of $135.The decline marked the fifth consecutive losing session since the aerospace company’s June 12 listing, which became the largest IPO in history by raising around $86…
Washington, May 28 (IANS) The US Federal Aviation Administration (FAA) has ordered SpaceX to conduct a “mishap investigation” involving the Super Heavy booster during the 12th flight test of its giant Starship rocket. In a statement on Wednesday (local time), the FAA said it had determined that the flight test on Friday resulted in a mishap during the booster’s return flight over the Gulf of Mexico following stage separation.The agency said it will oversee the process and approve SpaceX’s final …