Starship, the most powerful rocket ever built, pulled off a daring booster catch on its most ambitious test flight yet, but the spacecraft was lost. Follow for the latest news.

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.

Granted, Blue Origin poses an even bigger threat to Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) and their United Launch Alliance (ULA) joint venture, which charges $110 million for Vulcan rocket launches. Airbus ' (OTC: EADSY) Arianespace charges $77 million for an Ariane 62 launch, and is probably worried, too.

SpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the uncrewed upper stage of the rocket that continues on into space.

Hours after Jeff Bezos's Blue Origin nailed its first-ever orbital mission, SpaceX seized back the spotlight on Thursday as its latest test of Starship, its gargantuan next-generation mega rocket, ended with the upper stage dramatically disintegrating over the Atlantic.

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

SpaceX's Starship Explodes in Flight Test ... The failure came a day after Blue Origin, billionaire Amazon founder Jeff Bezos' space company, successfully launched its giant New Glenn rocket ...

Blue Origin's New Glenn finally roared into orbit in the early hours of Thursday, with SpaceX's Starship rocket set to launch hours later.

Starship’s future ... Bezos and Musk have also butted heads in a purely business sense, as SpaceX and Amazon are slated to compete in the satellite internet business, and Bezos’ Blue Origin ...

Starship launched from SpaceX's private "Starbase" facility near ... space company Blue Origin will be bigger than $2 trillion Amazon Before losing communication, Starship was set to reach space ...

WASHINGTON (Reuters) - A SpaceX Starship rocket broke up in space minutes ... The failure came a day after Blue Origin, billionaire Amazon founder Jeff Bezos' space company, successfully launched ...

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