# Blue Origin's New Glenn rocket blew up Thursday evening while undergoing a test on a Florida launchpad.

*aerospace · news · 2026-05-30 · The Japan Times *

## Key points

- Blue Origin's New Glenn rocket exploded during a test on a Florida launchpad Thursday evening.
- The explosion is expected to cause delays for Blue Origin's plans to deploy Amazon's Leo satellites.
- Blue Origin was selected this week by NASA for its lunar base program before the rocket failure.
- The incident has caused a sudden halt in the ongoing rally of space-related stocks.

A weekslong rally in space-related stocks came to an abrupt halt on Friday, with the explosion of a Blue Origin rocket serving as a glaring reminder of the risks that come with the potential riches investors hope to reap from the blossoming industry. The Jeff Bezos-backed firm’s New Glenn rocket blew up Thursday evening while undergoing a test on a Florida launchpad, ahead of plans for it to deploy satellites for Amazon’s Leo, a rival network to SpaceX’s Starlink. The explosion dealt a major setback to Blue Origin’s efforts, and will likely lead to delays. It also raises questions around a platform that was among companies selected just this week by NASA to help jumpstart its lunar base program.

**Companies:** Blue Origin, Amazon, SpaceX
**Countries:** United States

[Read the full story on The Japan Times ](https://www.japantimes.co.jp/business/2026/05/30/markets/blue-origin-blowup-rally/)

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