On Thursday evening, Blue Origin attempted to test fire its massive New Glenn rocket at its Florida launch site, but something went very wrong after engine ignition. The super heavy lift rocket exploded in spectacular and disastrous fashion.

A United Launch Alliance Atlas V rocket launched 29 Amazon Leo internet satellites to orbit on Friday night (May 28).

Gilmour Space's Eris rocket briefly launched from Bowen Orbital Spaceport in coastal Queensland. "The rocket began sliding sideways shortly after rising off the pad, crashing back to Earth just 14 seconds after liftoff,

SpaceX plans two more Falcon 9 rocket launches before May ends from the Vandenberg Space Force Base. Both missions are to deploy Starlink satellites.

A Blue Origin rocket test ended in a fiery explosion Monday night at Cape Canaveral Space Force Station, lighting up the sky and startling people across Florida’s Space Coast. Officials say no one was hurt,

Shares of Intuitive Machines (NASDAQ:LUNR) are up 9% in mid-morning trading Thursday, while Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock is down 3% and Planet Labs (NYSE:PL) stock is lower by 2%.

Scottish Mortgage said Elon Musk's rocket firm, which is its biggest holding, had been 'by far the largest single contributor to returns this year'.

While the impact isn't expected to be cause for alarm, the ripple effect of continued space congestion could lead to greater issues down the road.