SpaceX shares dropped below their IPO price for the first time following a $1 trillion decline in valuation and a scrubbed Starship test flight. Investors are now monitoring upcoming share lockup expirations and the company's August earnings report.

SpaceX aborted the 13th Starship launch when automated safety systems detected a Raptor engine ignition failure during the booster's startup sequence.

SpaceX has implemented a dual-tracked pricing strategy that features steep demand surcharges alongside hardware and monthly plan discounts. The shift has caused user frustration regarding automated billing errors and limited high-speed alternatives in rural areas.