On July 16 (local time), Elon Musk's SpaceX called off the 13th test flight of its Starship. The launch, initially set to lift off from the 'Starbase' facility in southern Texas that afternoon, was halted when some engines failed to ignite during the pre-launch sequence, triggering an automatic abort mechanism. This was SpaceX's first launch attempt since its initial public offering (IPO) in the United States in June. The news sent shockwaves through the market, causing SpaceX's stock price to plummet by over 3% in after-hours trading, settling at $127.09. Despite the setback, Musk remained optimistic, stating his intention to schedule another launch attempt within the coming days.