The Federal Aviation Administration (FAA) closed its investigation into the SpaceX Starship Flight 12 mishap, clearing Tesla ($TSLA) CEO Elon Musk's SpaceX to proceed with Starship Flight 13 once all remaining safety and licensing requirements are satisfied. The FAA accepted SpaceX's findings and corrective actions, concluding there were no reports of public injuries or property damage from the May test flight.

• The FAA accepted SpaceX's investigation into the Flight 12 Super Heavy booster failure.
• The final report identified heat effects on propulsion system components and erroneous engine alarm settings as the two most probable causes of the mishap.
• SpaceX implemented four corrective actions, including hardware and software configuration updates.
• The FAA said Starship Flight 13 may proceed after all remaining safety and licensing requirements are met, potentially allowing a launch as soon as this week.

Relevant Companies

• Tesla ($TSLA) – CEO Elon Musk also leads SpaceX, making major Starship milestones closely watched by investors.

Editor’s Note: This is a developing story. This article may be updated as more details become available.