Elon Musk’s SpaceX abandoned a planned test rocket launch at the last minute on Thursday, just hours after revealing plans for a record-breaking $1.75tn public listing.

A Blue Origin New Glenn rocket owned by billionaire tech giant Jeff Bezos has exploded on a launch pad in a disastrous test in Florida.

Blue Origin's New Glenn rocket exploded during a hotfire test at Cape Canaveral, damaging the launchpad and potentially delaying satellite and Moon missions.

Before SpaceX became one of the most valuable companies in the world, it suffered three consecutive rocket failures. By 2008, Elon Musk had invested nearly everything he had. The fourth launch wasn't merely important—it was a matter of survival.

Billionaire and SpaceX founder Elon Musk delivered a damning verdict of the disastrous rocket explosion suffered by Jeff Bezos' Blue Origin New Glenn rocket.

The destruction of Jeff Bezos's New Glenn rocket clouds NASA's lunar timeline and deepens reliance on SpaceX, as the U.S. races China to the moon.