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SpaceX cancels major Starship test flight, SPCX closes below its IPO price for the first time since listing, and US space-related stocks plunge across the board.

17 hours ago

SpaceX calls off major Starship test flight, aborting launch at the final moment before liftoff during its 13th test flight in Texas. Elon Musk said some engines failed to ignite, triggering an automatic launch termination procedure. Propellant is being unloaded currently, and SpaceX is expected to attempt another launch in the coming days. Per BIT (bit.com) market data, SpaceX (SPCX) closed down 3.1% at $131.11, marking its first closing below the IPO price. It dropped over 3% in after-hours trading. U.S. space-related stocks plunged across the board: Virgin Galactic (SPCE) fell 4.43%, AST SpaceMobile (ASTS) dropped 17.04%, Rocket Lab (RKLB) declined 11.6%, and Redwire (RDW) fell 9.73%.

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Venice AI updates its token economics: introduces a buyback mechanism and raises the supply cap for DIEM.

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Cardano will hand over control of its core software to an external team starting in August.

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France blocks prediction market Polymarket.

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Meta is in talks with Anthropic over a computing power leasing agreement, with the potential deal valued at up to $10 billion.

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26 minutes ago

Serenity: Its investment portfolio has posted a nearly 50% drawdown this month, and it firmly believes that the current round of adjustment is merely leverage-driven volatility, with its growth logic remaining intact.

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