What Happened
Is The Elon Musk-Led Company A Ticking Timebomb
SpaceX’s stock has plummeted 45% since its initial public offering, with the latest blow coming from the aborted test flight of its Starship rocket. The company’s long-term growth and valuation hinge on the success of Starship, which is designed to carry more cargo and people into orbit. With employees and early investors set to sell up to 20% of their shares in August, the stock’s high valuation and potential for further declines have raised concerns among investors. This development was reported by Yahoo Finance UK.