Also means
to fail (a project)
Usage Note
Naufragar is a regular -ar verb (orthographic g→gu before -e: naufragué). It is used both literally (el barco naufragó — 'the ship was wrecked') and figuratively (el proyecto naufragó — 'the project fell apart'). The related noun is naufragio ('shipwreck') and náufrago ('shipwrecked person/castaway').
Examples
"El velero naufragó en la tormenta."
Natural Translation
The sailboat was shipwrecked in the storm.

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