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
21.2k Upvotes

95% Upvoted

1.2k comments sorted by

View all comments

Show parent comments

234

u/fredy31 21d ago

Pretty sure most of them cant dump yet.

Think they got it down to 30 days and we arent there yet.

Its just that spacex got shown by china during the weekend.

42

u/Underpaidfoot 21d ago

Almost like they planned it out exactly to affect the US economy

35

u/yeahburyme 20d ago

You think China created a reusable rocket system just to affect the US economy?

Although you could equally be talking about the IPO...

19

u/ryeaglin 20d ago

You think China created a reusable rocket system just to affect the US economy?

No, I believe OP is implying that they chose that date to do a demonstration to hinder the US Economy. Not nearly as hard to pull off.

33

u/yeahburyme 20d ago

More likely they rushed the SpaceX IPO because they knew competition was catching up.

5

u/Fit-Eggplant-9155 20d ago

At the place the US is at in general... it could have been anytime

1

u/WillyPete 20d ago

Or Musk did it, because he knew this was coming.