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US Business · businessinsider.com · Friday, 29 May 2026

Blue Origin test blast sends space stocks tumbling, dampening SpaceX IPO buzz

A New Glenn rocket exploded during a hot‑fire test, prompting Jeff Bezos to label it an "anomaly" and sending space‑related equities sharply lower. Shares of Rocket Lab, AST SpaceMobile and others fell 7‑16%, erasing gains driven by hype around an upcoming SpaceX IPO and its lofty valuation.

Read the source: businessinsider.com ↗In the 29 May issue →