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SpaceX targets Monday Starship retry after aborted 13th test flight

SpaceX targets Monday Starship retry after aborted 13th test flight

ARK Invest bought $18.3 million of SpaceX shares after the stock fell below its $135 IPO price following the scrubbed launch, while cumulative purchases since the June listing topped $475 million.

Fact Check
All elements of the claim are corroborated by authoritative sources. Reuters confirms the aborted 13th Starship test flight and the Monday July 20 retry target, plus shares falling below the $135 IPO price. The Bloomingbit/Korea Economic Daily report (citing Bloomberg) directly supports the 'roughly $1 trillion drop from June's peak valuation' figure — from a ~$2.64 trillion peak on June 16 to $1.61 trillion on July 17. Secondary sources confirm the June peak valuation was near $2.64-$2.85 trillion. crypto.news independently confirms the post-IPO low and retry schedule. The only minor tension is that one Reuters headline cites ~$100B erased 'since abort' (a short-window figure), whereas the claim's ~$1 trillion refers to the drop from June's peak — these measure different windows and are not contradictory.
Summary

SpaceX is targeting Monday, July 20, at 6:45 p.m. ET for another attempt at its 13th Starship test flight after an automated abort during engine ignition, with Elon Musk saying two Raptor engines on the Super Heavy booster would be replaced before the next try. The setback came as SpaceX shares fell to a post-IPO low, closing at $123.99 after trading as low as $122.12 and leaving the stock below its $135 June offer price. ARK Invest bought 147,623 shares worth about $18.3 million across four ETFs during the selloff, extending its cumulative SpaceX investment since the June listing to more than $475 million across ARKK, ARKQ, ARKW and ARKX, while investors also prepared for August share unlocks that could increase supply.

Terms & Concepts
  • Raptor engines: SpaceX rocket engines used on Starship and its Super Heavy booster.
  • share unlocks: The point when early holders or insiders are allowed to sell shares that were previously restricted.