What Happened
Near-Flawless Test Fails To Reverse Share Price Decline
Despite a successful Starship flight test, SpaceX’s stock has fallen to a new low. The company’s 13th Starship flight, which included the deployment of 20 Starlink V3 satellites and a successful soft splashdown, was not enough to reverse the decline. Next week’s earnings report, the company’s first as a public entity, may lead to further selling as up to 37% of insider shares could be released for trading. The development was reported by MarketWatch.