The incident in which a SpaceX rocket broke up after launch demonstrates the challenges the FAA will face as the number of commercial space flights increases.

Donald Trump's newly-created cryptocurrency soared on Monday to nearly $12 billion in market value, drawing in billions in trading volume, while bitcoin hit a record high just hours ahead of the U.S. President-elect's return to the White House.

The Federal Aviation Administration is requiring Elon Musk's SpaceX and Jeff Bezos' Blue Origin to investigate what went wrong on their respective

The rocket company’s effort to demonstrate payload deployment, land its upper stage and potentially achieve spaceship-to-spaceship fuel transfer this year had an inauspicious start when the Starship system suffered a setback during the Jan. 16 flight. Minutes after launch, the Block 2 upper stage broke up when a fire developed in the aft section.

No injuries have been reported from falling debris after SpaceX's Starship exploded in the sky over the Bahamas. However, the FAA has halted further test flights while it investigates.

The Federal Aviation Administration has paused SpaceX's the launch of its Starship rocket as the U.S. agency oversees an investigation by the private company of the breakup after a test launch Thursday.

On Friday, the FAA issued a mishap investigation against SpaceX after the upper stage of the Starship lost communications and then blew up during its seventh test flight on Thursday minutes after its launch from the company’s Starbase facility in Boca Chica, Texas.

WASHINGTON (Reuters) - The U.S. Federal Aviation Administration said on Friday it will oversee an investigation by Elon Musk's SpaceX into an explosive Starship test flight the previous day that forced airlines to divert dozens of flights to avoid debris.

Pieces of SpaceX’s massive Starship rocket are washing ashore after the latest test flight exploded over Turks and Caicos.

Landing and reusing boosters are critical to reducing costs in the commercial space industry, a feat pioneered by SpaceX’s Falcon 9 rockets. Blue Origin CEO Dave Limp acknowledged the landing was a “stretch goal,” emphasizing the importance of learning from the attempt.

The United States Federal Aviation Administration (FAA) has suspended SpaceX rocket flights following the explosion of the upper stage of the Starship/Super Heavy. An investigation of the rain of space debris that fell to Earth after the explosion is necessary.