Canon Electronics Shares Drop as Space One Rocket Explodes

Wednesday, 13 March 2024, 04:50

Canon Electronics' stock prices took a hit as a Space One rocket carrying payloads for multiple shareholder companies exploded shortly after lift-off in Japan. The incident raises concerns over the impact on both Canon and other affected companies.

Canon Electronics hit by Space One rocket explosion

Reuters reported the solid-fueled Kairos rocket blew up just seconds after lifting off at 11:01 a.m. Japan time.

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