Dogecoin Drops 7.5% as Elon Musk’s SpaceX Loses Starship Spacecraft

Dogecoin’s market value recently experienced a 7.50% drop, going from $0.0857 to $0.0802, following an unexpected development from SpaceX.

The aerospace company, led by Elon Musk, reported the loss of its Starship spacecraft during a key test flight. This marks a significant setback for SpaceX’s deep-space launch system, notably its second major test flight challenge.

SpaceX engineer John Insprucker, during a livestream, disclosed that the Starship’s automated flight termination system likely activated prematurely during its course.