Blue Origin's powerful New Glenn rocket exploded during testing Thursday night, May 28, blasting flames and debris high into the sky in a display visible across wide swaths of Florida.

Blue Origin's New Glenn rocket exploded on a Florida launch pad during a prelaunch test.

Space stocks like AST SpaceMobile and Rocket Lab sold off sharply on Friday after Blue Origin's New Glenn rocket exploded on its launch pad at Cape Canaveral late Thursday night, hitting a sector that...