SpaceX Falcon 9 Flight Delayed

After a great deal of media hype this afternoon, SpaceX has temporarily postponed the launch of its Falcon 9 rocket. The rocket was supposed to launch no later than 5:55 p.m. EST, but the launch is now on hold as the company attempts to recycle and go through with the launch.

At Cape Canaveral Air Force Station, the SpaceX launch of SES-8 is on hold after the countdown was stopped at T minus 6:11.

— Alex Sanz (@AlexSanz) November 25, 2013

Built by Tesla TSLA and PayPal EBAY co-founder Elon Musk, SpaceX has been gaining a lot of buzz for its creative and innovative take on space exploration. According to Space.com, this was scheduled to be the second launch for the Falcon 9, which was upgraded earlier this year. The event is currently being streamed live at spacex.com/webcast/. Other sites, such as Weather.com, are delivering a live stream of the historic event as well. On the company's official website, SpaceX provided the following details: "SpaceX is targeted to launch the SES-8 telecommunications satellite aboard a Falcon 9 rocket this Monday November 25, from Cape Canaveral. SES-8 will be SpaceX's first launch to a geostationary transfer orbit – 80,000 km from Earth – and most challenging mission to date." At press time, SpaceX had reset its clock to T-00:13:00 with the hope of completing the launch tonight as scheduled. Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report. Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ