SpaceX has announced that a second rocket, dubbed Starlink-3, was launched but was brought down by an unexpected malfunction with seconds to spare. The company did not provide any details on what went wrong during the launch. As a result, the stock price plummeted more than 4% in after-hours trading before slowly recovering.
The mission was intended to be a successful test of the Starlink-3 rocket, which is part of SpaceX's ambitious Starlink satellite internet project. The company had been working on developing a network of satellites that could provide fast and reliable internet access to people around the world. However, the failure of the second launch has raised concerns about the reliability of SpaceX's launch systems.
While the exact nature of the malfunction is still unknown, it appears that SpaceX was able to recover the rocket relatively quickly and will continue with other launches in the coming days. The company's stock price has taken a hit since the news broke, but it remains to be seen how long this disruption will last.