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SpaceX Stock Continues Decline After Initial Spike
Futurism • • business
Key Points:
- SpaceX shares surged to over $222 following its multitrillion-dollar IPO last Friday but fell sharply to around $200 by the end of Tuesday and further dipped into the high $180s by Wednesday morning.
- Despite the recent decline, SpaceX shares remain approximately 20% higher than their initial trading price, indicating initial investor enthusiasm amid volatile market reactions.
- Concerns persist about SpaceX’s valuation, as the company continues to burn billions annually without a clear path to profitability, raising skepticism among investors and analysts.
- The merger with Musk’s AI startup xAI has contributed to mounting losses, with reports showing a $6.4 billion loss in 2025 and ongoing public relations challenges.
- Musk’s ambitious plan for a megaconstellation of solar-powered data center satellites faces doubts over its financial and practical feasibility, suggesting a potentially turbulent future for investors.
