Blue Origin rocket grounded after satellite 'mishap'

Blue Origin's newest rocket has been grounded after the Federal Aviation Administration (FAA) ordered an investigation into a "mishap" involving the failed launch of a satellite. The company, founded by Amazon billionaire Jeff Bezos, attempted to place a satellite from AST SpaceMobile using its New Glenn rocket but was unable to get it as far into orbit as intended.Blue Origin's chief executive Dave Limp said the failure was caused by a lack of "sufficient thrust" in an engine.AST SpaceMobile's share price fell by more than 6% on Monday. Limp said: "We clearly didn't deliver the mission our customer wanted, and our team expects."Blue Origin is investigating the incident, which happened on Sunday, with oversight from the FAA.A spokesperson for the authority said: "The FAA is requiring Blue Origin to conduct a mishap investigation."The FAA will oversee the Blue Origin-led investigation, be involved in every step of the process and approve Blue Origin's final report, including any corrective actions."Limp said the investigation will allow Blue Origin to "l​​earn from the data and implement the improvements needed to quickly return to flight operations."