SpaceX Starship launch delay

What happened: SpaceX, the aerospace company of Elon Musk, delayed the launch of its Starship rocket on Thursday due to technical issues. The uncrewed test flight was scrubbed when a hydraulic pin failed to retract, preventing the launch. SpaceX plans to retry the launch on Friday.

Market impact: This delay comes just a day after SpaceX filed for a record-breaking IPO, expected to be the largest in Wall Street history. The postponement may raise concerns about the company's operational readiness and could potentially impact investor sentiment around the upcoming IPO.

What to watch next: The success or failure of Friday's launch attempt will be crucial for SpaceX's reputation and the IPO's reception. Additionally, the IPO date and pricing details will be closely watched by investors.