Update: Launch was aborted 48 seconds before ignition.

SpaceX planned to send a Falcon 9 rocket to its first-ever geostationary transfer mission today, and the company broadcasted the launch live right here:

However, after some initial problems  — “unexpected readings with the first stage liquid oxygen system” — and then getting the launch back on track, SpaceX aborted the launch with just 48 seconds left before ignition. The rocket was to take off from Cape Canaveral, Florida.

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Elon Musk said a second abort would likely require a full restart and launch again in some time:

On the webcast, a SpaceX official confirmed that the rocket would be taken down and pulled inside, and engineers would examine it for problems.

The company is launching a 3,138 kg (6,918 lbs) communications satellite for South-east Asia and the Asia Pacific regions, which will provide Ku- and Ka-band coverage. The launch will be Space-X’s most challenging ever, the company said, as it will be sending the satellite 80,000 kilometers away from earth, from which the satellite itself will maneuver to a geosynchronous orbit 50,000 kilometers lower.

The Falcon 9 rocket is 60 percent more powerful than earlier versions and is potentially reusable, as the vehicle has the capability to splash down gently in the ocean — or even potentially land on its tail. The new Falcon has over 1 million pounds of thrust, enough, CEO Elon Musk says, to “lift a skyscraper.”