Houston, Elon has a problem: SpaceX launch scrubbed at the last minute
- by Independent
- May 22, 2026
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(AP)
SpaceX's Starship launch was dramatically aborted just 30 seconds before liftoff on Thursday evening due to a hydraulic pin failure.
CEO Elon Musk confirmed the technical glitch, stating a swift resolution could allow another launch attempt as early as Friday.
This aborted flight followed Musk's announcement that SpaceX plans to go public, aiming for one of the largest stock sales in history.
SpaceX reported a $ 2.6 billion operational loss last year despite $18.7 billion in revenue, with losses continuing into the current year.
The planned IPO seeks to raise an estimated $75 billion to fund ambitious projects, including transporting astronauts to the moon for NASA and establishing a human colony on Mars.
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