SpaceX's multi-trillion dollar IPO could come flying apart if its Starship rocket does on its upcoming test flight.

SpaceX's Starship rocket took off from Texas on Tuesday night, and ultimately lost contact with control on reentry. The launch was the ninth test flight of the Starship rocket. Elon Musk is expected to speak about the future of SpaceX after the launch.

After a seven-month hiatus, SpaceX is set to launch a new, more powerful version of its Starship megarocket — reigniting a make-or-break testing campaign aimed at hashing out unprecedented rocketry challenges and getting the vehicle ready to carry NASA astronauts to the moon.