GoKawiilSpaceX employees go to work at the SpaceX facility in Hawthorne, California, on the day of their company's initial public offering, June 12, 2026.
SpaceX stock has posted losses in nine of the last 10 trading days, and as of Friday's close, had plummeted nearly 23% since the company was added to the Nasdaq-100.
Friday's loss of 5.43% marked a sixth-straight losing day and came after Elon Musk's space and artificial intelligence company aborted a test flight for its Starship rocket.
The aerospace giant was expected to launch its Starship mega rocket within a 90-minute window beginning at 5:45 p.m. in Texas on Thursday, but an engine ignition failure forced SpaceX to scrub the launch.
"Some of the engines didn't start, triggering an automatic launch abort," billionaire founder Musk said in a post on X. "Now offloading propellant. Next launch attempt hopefully in a few days."
Musk later added in a post that two Raptor engines will be removed and replaced, and said a launch is planned again for early next week.