What Happened
Elon Musk's Venture Loses Investor Confidence Amid Delays And Failures
SpaceX investors are facing significant losses as the company’s stock price continues to decline. Since its debut, SpaceX shares have fallen from a high of over $225 to a current price of $110, with the company down nearly 30% compared to its opening stock price. Investors have taken to social media to express their disappointment and frustration, with some calling on Elon Musk to turn the company’s fortunes around. The delay of Starship’s thirteenth test flight has added to the uncertainty, and it remains to be seen whether a successful test will be enough to win back investors. This development was first reported by Futurism.