The Federal Aviation Administration is ordering SpaceX to conduct a mishap investigation into what caused the company's Starship rocket to explode mid-flight on January 16. Until the FAA approves SpaceX's investigation reported,

Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect's return to the White House.

The rocket company’s effort to demonstrate payload deployment, land its upper stage and potentially achieve spaceship-to-spaceship fuel transfer this year had an inauspicious start when the Starship system suffered a setback during the Jan. 16 flight. Minutes after launch, the Block 2 upper stage broke up when a fire developed in the aft section.

SpaceX CEO Elon Musk made light of Starship's fiery end. "Success is uncertain, but entertainment is guaranteed!" he said on X.

A SpaceX Starship rocket broke up in space minutes after launching from Texas on Thursday, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris and setting back Elon Musk's flagship rocket program.

After SpaceX’s Starship exploded over Turks and Caicos on Thursday, the FAA launched an investigation, demanding answers into the mishap.

The FAA says it has grounded the Starship vehicle pending a mishap investigation, and it’s working with SpaceX to assess reports of property damage in Turks and Caicos.

SpaceX pulled off its “chopsticks” catch of a Super Heavy rocket booster but lost the Starship spacecraft on Thursday during the vehicle’s seventh uncrewed test flight.

Pieces of SpaceX’s massive Starship rocket are washing ashore after the latest test flight exploded over Turks and Caicos.

Landing and reusing boosters are critical to reducing costs in the commercial space industry, a feat pioneered by SpaceX’s Falcon 9 rockets. Blue Origin CEO Dave Limp acknowledged the landing was a “stretch goal,” emphasizing the importance of learning from the attempt.

The United States Federal Aviation Administration (FAA) has suspended SpaceX rocket flights following the explosion of the upper stage of the Starship/Super Heavy. An investigation is necessary due to the space debris that fell to Earth after the explosion.