Stocks fell in value from $2.01 (£1.65) at the close of trading on Monday night, to $1.50 (£1.23) when US markets opened on Tuesday morning, loosing more than 50 cent off the price of a share.
The eagerly anticipated mission, which planned to place nine satellites in orbit via the company’s LauncherOne rocket, was scuppered on Monday night when a secondary engine failed to fire properly.