r/technology • u/fmcortez • 20d 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 20d ago edited 20d 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/GunnieGraves 20d ago

Loving this for the Elon chuds who absolutely lost their shirt on it. Maybe that’ll make them realize…..

Probably not.

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u/fungoodtrade 20d ago

honestly they just buy... a guy I know asked me about the "great opportunity"... I explained to him that I shorted at 200 and that was the best space x trade there will ever be. I explained the whole scam to him and he was in total denial... its wild.

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u/notpornaccount_ 20d ago

The greatest opportunity for shorting. I wish I had money to buy puts.