TLDR
- SpaceX scrubbed the Starship V3 launch on May 21 due to multiple technical faults, including a hydraulic pin failure and water diverter error
- The failed countdown came on the same day SpaceX filed its IPO prospectus, with Starship listed as the company’s top risk factor
- SpaceX has invested about $15 billion in the Starship program, including $3 billion in 2025 alone
- A new launch attempt is set for Friday, May 22, at 5:30 p.m. Central time from Pad 2 at Starbase, Texas
- Over one million people watched the scrubbed attempt live, with Musk saying the team is “learning a lot”
SpaceX aborted the first launch attempt of its Starship V3 rocket on May 21, just minutes before liftoff, after a series of technical faults halted the countdown. The scrub came on the same day the company filed paperwork for what could be one of the largest initial public offerings in history.
The hydraulic pin holding the tower arm in place did not retract.
If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT. https://t.co/DJAdvDYQpH
— Elon Musk (@elonmusk) May 21, 2026
The launch was set to be the 12th Starship test flight overall and the first from the new Pad 2 at SpaceX’s Starbase facility near Brownsville, Texas. Engineers ran into problems when the countdown reached 40 seconds before liftoff.
Three separate issues were reported. There was an error with a water diverter on the launch pad, a fault with the quick-disconnect system that links the rocket to ground equipment, and a hydraulic pin that failed to retract from the tower arm.
SpaceX ran out of time to fix the problems and called off the attempt. Elon Musk posted on X that if the pin issue could be resolved overnight, another launch attempt would take place the next day, May 22, at 5:30 p.m. Central time.
What Is Starship V3?
Starship V3 is the latest version of SpaceX’s rocket system, standing 408 feet tall with the booster and upper stage combined. The booster carries 33 engines and produces more than 8,000 tons of thrust.
Musk has said that “almost every part of Starship V3 is different from V2.” The new version features a redesigned fuel system intended to allow all engines to ignite faster and at the same time.
The planned mission was set to deploy 20 Starlink test satellites and test how the rocket’s heat shield tiles hold up during re-entry. The booster was scheduled to land on a drone ship off the Texas coast.
IPO Filed the Same Day
SpaceX filed its IPO prospectus on May 21, the same day as the scrubbed launch. The company is targeting a June IPO that could raise tens of billions of dollars and value the company at more than $2 trillion.
In its filing, SpaceX listed Starship as central to its long-term growth plans. The company also listed the rocket as its top risk factor.
SpaceX has invested around $15 billion in the Starship program to date, including $3 billion spent in 2025 alone. Despite three years of testing, the rocket has not yet carried any paying customer satellites.
Past test flights have ended in explosions. One in June 2025 was powerful enough to shake homes miles away. Debris from another test disrupted commercial airline routes over the Caribbean.
More than one million people watched the scrubbed countdown live on Thursday. SpaceX said the team is “learning a lot” from each attempt.
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