SpaceX postponed a Starship rocket launch and planned another uncrewed test flight on Friday. The delay was attributed to a malfunctioning hydraulic pin on the launch tower, with a new attempt scheduled for 5:30 CT if the issue is fixed. The flight would debut the Starship V3 rocket after months of testing delays. SpaceX described Starship V3 as the most powerful launch system ever developed and said it is expected to carry a 100 metric ton payload, with future versions designed to double that capacity. The rocket includes dozens of upgrades aimed at rapid Starlink satellite launches and NASA moon missions. SpaceX has spent more than $15 billion on the Starship program and is valued at $1.25 trillion, while its Nasdaq IPO is expected to be the largest in Wall Street history and could start next month under the ticker SPCX. SpaceX reported revenue and net losses in recent periods.
"Elon Musk's SpaceX has postponed a launch of its massive Starship rocket and said it plans to make another attempt at the highly-anticipated test flight on Friday. The initial public offering (IPO) on the tech-heavy Nasdaq stock market is set to be the largest in Wall Street history and could start next month under the ticker symbol SPCX. Because of the shares he will own in SpaceX, the listing could make Musk, who is already the world's richest person, the first-ever trillionaire."
"Musk said on social media that the delay was caused by a malfuntioning hydraulic pin on part of the launch tower. "If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT [22:30 GMT]," he added. The uncrewed launch will mark the debut of the Starship V3 rocket after months of testing delays."
"SpaceX described it as "the most powerful launch system ever developed" in its IPO filing. "We expect that Starship V3 will be able to carry a payload of 100 metric tons, with future generations of Starship being designed to double this payload," it added. It features dozens of upgrades designed for rapid launches of the firm's Starlink satellites and Nasa missions to the moon."
"SpaceX values itself at $1.25tn, and Musk's majority ownership of the company means his share could be worth more than $600bn. Last year, Musk, who is also the chief executive of electric vehicle (EV) maker Tesla, became the first person to achieve a net worth of more than $500bn. Last year, Space Exploration Technologies - as it is officially known - brought in $18.6bn in revenue but had a net loss $4.9bn. In the first three months of this year, it achieved $4.7bn in sales but made a net loss of $4.3bn."
Read at www.bbc.com
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