Elon Musk Says Cause of Loss of SpaceX Falcon Still Unknown

September 1, 2016 1:18 PM EDT

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Elon Musk said on Twitter that the cause the SpaceX Falcon vehicle explosion today is still unknown. The incident occurred at Cape Canaveral during an operation to fill propellant, and appears to have originated around the upper stage oxygen tank, said the company's CEO.

Earlier reports noted that the explosion likely destroyed the Amos-6 satellite built by Israel Aerospace Industries. Facebook planned to use the satellite to improve internet access in Africa.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Management Comments, Momentum Movers, Trader Talk

Related Entities


Add Your Comment