Insights

SpaceX Starship rocket explodes during reentry

The company also learned a Justice Department probe into its hiring practices will continue.
The post SpaceX Starship rocket explodes during reentry appeared first on The Motley Fool Australia. –

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

rocket taking off

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

On Tuesday, a SpaceX Starship prototype exploded while attempting to land, the fourth consecutive test launch to end up in flames in recent months.

SpaceX launched the SN11 prototype from its Boca Chica, Texas, facility for a high-altitude test, with the goal of having the spacecraft execute a “belly flop” maneuver in space before returning to Earth in a controlled vertical soft landing. Elon Musk’s space company is developing Starship as its heavy launch vehicle that the company hopes will eventually travel to the Moon and beyond.

While all four launches have gone off without a hitch, the company continues to have issues nailing the landing. SpaceX’s live stream froze as the SN11 was coming in for a landing, but reports from the scene indicate there was a large explosion that scattered debris around the area.

In a tweet, Musk said one of the engines appeared to have issues on ascent, and that “something significant happened” shortly after the engines fired for landing. He said SpaceX hopes to learn more as it examines the wreckage.

Space, by its nature, involves a lot of trial and error, and SpaceX has said it will likely need to run through 20 prototypes before Starship is fully developed. Still, the setbacks are high-profile disappointments for a company with grand ambitions and in constant need of new funding.

SpaceX was also dealt a setback on Earth, as a judge ruled it should be forced to comply with a Department of Justice subpoena as part of a probe into whether the company has illegally discriminated against foreign job applicants. The judge rejected SpaceX’s arguments that the subpoena constituted government overreach.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post SpaceX Starship rocket explodes during reentry appeared first on The Motley Fool Australia.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!