SpaceX Faces FAA Investigation After Falcon 9 Booster Malfunction - What Does This Mean For Your Investments?
By Joey Roulette
The U.S. Federal Aviation Administration has ordered SpaceX to investigate a malfunction in the second stage of its Falcon 9 rocket, following a NASA astronaut mission that resulted in the rocket being grounded for the third time in three months.
After successfully launching two astronauts to the International Space Station, the rocket's second stage failed to re-light its engine for the "deorbit burn," causing the booster to land outside of the designated safety zone in the Pacific Ocean. SpaceX has stated that they will resume launching once they understand the root cause of the issue.
This marks the third grounding in three months for the Falcon 9 rocket, which has been a reliable workhorse for SpaceX. Previous groundings were due to issues with Starlink satellites and a failed first stage landing, but SpaceX was able to resume flights shortly after each incident.
In conclusion, these repeated groundings may raise concerns for investors in SpaceX and the broader space industry. It is important to monitor how SpaceX addresses these issues and whether they can maintain their reputation for reliable space access. As an investor, it's crucial to stay informed and consider the potential impact on your financial portfolio.