SpaceX's Starship V3 rocket is now standing on the launch pad, fully fueled, ready for the first test flight of its most powerful upgraded version to date.

However, just seconds before takeoff, billionaire Elon Musk's company was forced to cancel the mission due to a technical malfunction that occurred during the final countdown.

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Starship V3 rocket. Photo: SpaceX

The countdown timer unexpectedly stopped at T-40 seconds. The system then restarted, but then stopped again.

According to SpaceX's explanation, a hydraulic latch holding the launch tower arm failed to retract properly, forcing engineers to rush in for an emergency fix while millions were watching the Starship V3 launch live.

Prior to the canceled launch, SpaceX had completed refueling the giant rocket and evacuated the entire launch pad area at its test facility in Texas.

However, a malfunction related to the ground support system forced the company to temporarily halt the countdown.

A few minutes later, SpaceX officially announced the cancellation of the mission and postponed the first flight of Starship V3 to a later date.

During the live stream, SpaceX commentator Dan Huot said, "New rocket, new launch pad, and we're learning a lot about these completely new systems." He also revealed that the company expects to be able to repeat the launch as early as the following day.

A last-minute error brought the entire system to a halt.

This was considered the 12th test flight of the Starship program, and also the first demonstration of the completely new V3 configuration.