Blue Origin's New Glenn Rocket Explodes, Intuitive Machines Stock Drops
Blue Origin's New Glenn rocket exploded during a static-fire test at Cape Canaveral on May 28, 2026, affecting various companies in the space industry. Intuitive Machines stock fell 7.3% following the incident, amidst concerns about the stock's value. This is the latest setback for Blue Origin, with the company facing significant delays in launches and threatening NASA contracts.
Blue Origin's New Glenn rocket experienced a spectacular failure during a static-fire test at Cape Canaveral, marking the worst failure in the company's history . The explosion occurred on May 28, 2026, and has significant implications for the space industry as a whole, with potential delays to launches and contracts .
Intuitive Machines stock responded with a 7.3% decline, reflecting concerns about the stock's extreme value appreciation . The incident is particularly problematic for Blue Origin, with this being their third significant setback in 16 months, expanding the competitive gap with SpaceX.
For context, SpaceX boasts a success rate of over 99% with 165 Falcon 9 launches in 2025, while Blue Origin's New Glenn is currently grounded for an extended period .
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