00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Blue Origin's new Glenn rocket exploded during a static fire test Thursday at Launch Complex 36
00:08at Kennedy Space Center in Cape Canaveral, Florida. The company reported an anomaly in a post on X,
00:14and SpaceX CEO Elon Musk responded on X, expressing hope for a quick recovery.
00:20Jeff Bezos confirmed all personnel were safe, but said Blue Origin had not yet identified the root
00:25cause of the failure. Bezos added that the company would rebuild whatever was necessary.
00:31Separately, SpaceX completed a successful Starship Vi-3 launch test.
00:35Investor Ross Gerber of Gerber Kawasaki backed SpaceX's upcoming IPO, calling it perfect timing.
00:43SpaceX is reportedly targeting a valuation of $1.8 trillion for the IPO, down from a previously
00:49reported $2 trillion. Musk had earlier confirmed a $1.75 trillion target with a June launch date.
00:55For all things money, visit Benzinga.com.
Comments