- SpaceX's Starship launch was aborted on Thursday just seconds before liftoff due to multiple engine failures.
- This scrubbed launch occurred hours after SpaceX shares fell below their initial public offering (IPO) price of $135 for the first time.
- The stock slide has reduced Elon Musk's net worth to $833 billion, down from his peak as the world's first trillionaire.
- SpaceX's valuation is heavily dependent on Starship's success, as it is crucial for a Nasa Moon contract and expanding the Starlink internet network.
- Elon Musk stated that two engines will be replaced, and the next Starship launch attempt is anticipated as early as next week.
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