The latest test of Space X's giant Starship rocket has failed, minutes after launch. Officials at Elon Musk's company said the upper stage was lost after problems developed after lift-off from Texas on Thursday. But the Super Heavy booster managed to return to its launchpad as planned, prompting an eruption of applause from ground control teams.

SpaceX's seventh Starship test flight will now launch no earlier than Thursday, Jan. 16, at 5 p.m. EST (2200 GMT).

SpaceX is set to launch the seventh test flight of its Starship megarocket today (Jan. 15) at 5 p.m. EST (2200 GMT), and you can watch the action live.

Despite the failure, Elon Musk appeared to see the bright side, posting: "Success is uncertain, but entertainment is guaranteed!"

The agency launched an investigation into the “space vehicle mishap” on Thursday night that forced commercial flights to divert and caused debris to rain toward Caribbean islands.

SpaceX's Starship Flight 7, launched at 4:37 PM CST from Starbase, Texas, US, has been confirmed to fail The spacecraft broke apart, with debris spotted reentering Earth's atmosphere over the Turks and Caicos Islands pic.twitter.com/kVDyAcTRZQ

SpaceX succeeded Thursday in once more catching the descending first-stage booster of its Starship megarocket in the "chopstick" arms of its launch tower, a stunning engineering feat it first accomplished in October.

SpaceX mission control lost contact with the newly upgraded Starship, carrying its first test payload of mock satellites but no crew, eight minutes after liftoff.

While Jeff Bezos has spent $14 billion to achieve his first space launch, his billionaire rival has built a thriving business, mostly with other people’s money.

The world’s biggest rocket just got a bit bigger, and its upcoming launch is meant to support its next-generation Starlink satellites.

SpaceX's Starship exploded mid-air during its seventh test flight on Thursday, forcing airlines to divert flights in order to avoid collisions with falling spacecraft debris. Seana Smith and Brad Smith report on the latest developments surrounding this incident.