SpaceX’s Starship rocket reaches orbit for the first time despite engine failure
Source: FT World ↗ (cross-verified by 2 outlets — full list below)
Successful launch marks a milestone for Musk, as system is pivotal to winning more Nasa contracts and to transport humans to space Save now on essential digital access to trusted FT journalism on any device. Savings based on annualised monthly price. Then €69 per month. Complete digital access with exclusive insights and industry deep dives on any device.
Cancel anytime during your trial. Complete digital access with exclusive insights and industry deep dives on any device. Save now on our curated print edition delivered Monday - Saturday* plus our digitised print replica. Savings based on annual price.
Check whether you already have free access via your university or organisation. *Hand delivery availability confirmed when you enter your address. Digital access for organisations. Includes exclusive features and content.
⚡ Effects Interpreter
🌍World Economylow impact
What this means for you
- ▶International partners may recalibrate after moves like this.
- ▶Allies and rivals alike will be reading this story closely.
🏙️Local Economylow impact
What this means for you
- ▶Family budgets close to home might absorb a small, slow-moving effect.
- ▶Community shops could subtly reprice stock as costs shift upstream.
🏦Rates & Banksmedium impact
What this means for you
- ▶Borrowers are usually better served waiting out political noise than reacting to it.
- ▶Currency swings triggered by politics can filter into borrowing costs down the road.
❤️Healthmedium impact
What this means for you
- ▶Worry has a way of spreading faster than the facts sometimes.
- ▶Sleep and appetite can be the first quiet casualties of unsettling news.
💷Wealthmedium impact
What this means for you
- ▶Diversified savings usually cushion the blow from stories like this.
- ▶Savers with a clear plan tend to feel less rattled by news like this.
🏠Housingmedium impact
What this means for you
- ▶Landlords and tenants alike rarely feel sudden shifts from news like this.
- ▶A slow-moving market like housing rarely reacts overnight.
🌍 Effects for your country
The U.S.'s central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The U.S.'s economy is growing at 2.3% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the U.S.'s own central bank rate closely. With the U.S.'s unemployment at 4.4%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in the U.S. depends more on local healthcare capacity than the figures above.
The UK's central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The UK's economy is growing at 0.8% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UK's own central bank rate closely. With the UK's unemployment at 5.6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in the UK depends more on local healthcare capacity than the figures above.
France's central bank rate currently stands at 2%, so a global rates move like this could feed through to local borrowing costs. France's economy is growing at 0.9% with inflation at 1.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track France's own central bank rate closely. With France's unemployment at 7.9%, personal-finance effects like this land on a labour market that is already under strain. Health-system effects are harder to localise from economic indicators alone — the real impact in France depends more on local healthcare capacity than the figures above.
Romania's central bank rate currently stands at 6.5%, so a global rates move like this could feed through to local borrowing costs. Romania's economy is growing at 0.7% with inflation at 7.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track Romania's own central bank rate closely. With Romania's unemployment at 6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in Romania depends more on local healthcare capacity than the figures above.
The UAE's central bank rate currently stands at 3.65%, so a global rates move like this could feed through to local borrowing costs. The UAE's economy is growing at 3.1% with inflation at 2.5%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UAE's own central bank rate closely. Health-system effects are harder to localise from economic indicators alone — the real impact in the UAE depends more on local healthcare capacity than the figures above.