Musk Says Next Rocket 'Catch' is Months Away-and SpaceX Stock Sags

Dow Jones02:16

SpaceX shares dropped more than broader market indexes Thursday after Elon Musk said a big rocket operation was still months away.

The stock was off about 5.5% in afternoon trading.

The company is preparing for another test flight of Starship, the powerful rocket that is at the center of many of its business goals. SpaceX has long worked to make both the vehicle's booster and its spacecraft fully and rapidly reusable. It has shown it can "catch" the booster with a launch tower at its complex in Texas for reuse.

During an earnings call earlier this month, Musk said the company envisioned attempting to catch the Starship spacecraft as soon as its next flight. In a social-media post early Thursday, however, the executive said that SpaceX would "probably catch the ship with the tower in a few months."

The next Starship mission hasn't been publicly scheduled yet.

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