The daily business briefing: April 21, 2023

SpaceX's Starship rocket explodes during 1st test flight, BuzzFeed shuts down its news division, and more

SpaceX Starship launch
(Image credit: Patrick T. Fallon/AFP via Getty Image)

1. SpaceX's Starship rocket explodes during its first test flight

SpaceX's massive Starship rocket exploded Thursday minutes after liftoff for its first test flight. The nearly 400-foot rocket, which Elon Musk's space-flight company hopes will one day carry astronauts to the moon and then Mars, wasn't carrying any people or satellites. Several of the 33 main engines failed to fire as the rocket left the launch pad in Texas and climbed 24 miles before exploding four minutes into its flight. Musk tweeted that SpaceX had "learned a lot" from the "exciting test launch," and would put the lessons to use for the next flight in a few months. "To get this far is amazing," SpaceX's Kate Tice said on the livestream. "Everything after clearing the tower was icing on the cake."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.