SpaceX Starship V3 test flight succeeds ahead of historic IPO
The launch of the 124-metre vehicle from Texas precedes a share listing that could value the company at $1.25 trillion, drawing praise from NASA and Elon Musk.
Elon Musk’s SpaceX has successfully launched the Starship V3 rocket from Texas on Friday, marking a significant milestone for the commercial space sector. The uncrewed vehicle blasted off just after 17:30 local time (2230 GMT), following the postponement of an initial attempt on Thursday due to a technical malfunction with the launch tower.
The mission largely achieved its objectives, with the rocket deploying 20 dummy satellites before re-entering the atmosphere. Approximately one hour after launch, the vehicle splashed down in the Indian Ocean and exploded as planned. While both stages of the rocket experienced engine failures, the test flight was deemed largely successful by the company.
The launch comes days after SpaceX revealed plans for an initial public offering (IPO), which is anticipated to be the largest in Wall Street history. The company currently values itself at $1.25 trillion. Reports indicate the listing could commence next month, a development that could potentially make Musk the first-ever trillionaire given his shareholding in the firm.
NASA Administrator Jared Isaacman congratulated the team, stating the mission represents a step closer to the Moon and Mars. NASA intends to utilise the Starship vehicle in future lunar missions. Musk also praised the achievement, describing it as a goal for humanity and congratulating the SpaceX team on the epic first launch and landing.
This event marks the 12th flight of a SpaceX rocket and features the latest design of the Starship V3, which stands 124 metres (407 feet) high. Beyond rocketry, the company operates the Starlink satellite internet service and owns the artificial intelligence firm xAI.
