techcrunch.com·May 22, 2026
SpaceX successfully launched its upgraded Starship V3 for the first time, but the test faced issues as the Super Heavy booster failed to land correctly, likely resulting in an explosion upon impact. Despite the setbacks, the mission was significant for testing new hardware and comes as SpaceX prepares for its upcoming IPO.
SpaceX's recent launch of the Starship V3 marks a critical step in testing its upgraded hardware and launchpad, despite the booster not successfully returning. This launch is significant as it aligns with SpaceX's upcoming IPO, aiming to raise $75 billion to drive further development and pay off debts, which will impact the commercial space industry's economy and SpaceX's ambitious multi-planetary goals.