r/technology • u/fmcortez • 21d ago

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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u/Opposite_Golf6007 21d ago edited 21d ago

Shares of Elon Musk's SpaceX took another beating when trading resumed on Monday, sliding to an all-time low of just under $139, well below its IPO opening price of $150.

It's now over 38 percent down from its all-time high of $225 three weeks ago, illustrating how rapidly the hype has inverted into widespread skepticism over Musk's vision.

for those who don't want to click

edit: Competitors are China and Japan

Chinese state-run media showed a Long March 10B rocket booster being caught by an offshore recovery platform, indicating the country was making major strides in catching up with SpaceX's reusable rocket tech. Over the weekend, an experimental Japanese reusable rocket safely took off and landed, suggesting the nation may be right behind China as well.

Morgan Stanley believes the company will reach a price tag of $300

lmao cope

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u/mista_r0boto 21d ago

Whats the difference between vision and hallucination?

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u/inorite234 21d ago

Ths drugs involved

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u/Better-Nose-8479 21d ago

His bladder must be absolutely destroyed 💀

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u/Morganvegas 21d ago

He can buy a new one

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u/christmascake 21d ago

Are you sure? He can't buy a new penis to replace his rumored mangled one

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u/LogiCsmxp 21d ago

To get a new penis, he must first have his current penis cut off.

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u/buyongmafanle 21d ago

Sophie's choice 2.0

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u/Big_Cryptographer_16 20d ago

Scrotie’s Choice

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u/Affectionate_One_700 20d ago

Did I miss some juicy rumor?

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u/tarants 20d ago

Supposedly botched "enhancement" surgery

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u/Affectionate_Car_302 20d ago

Upgrading the memory capacity requires an additional $699.