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SpaceX’s Stock Slide and Insider Sell-Off | Odessa News
SpaceX’s stock is crashing, down 50% since its June peak, as investor nerves fray over Musk’s bold future promises and insider sell-offs looming. With over 900 million shares hitting the market soon — more than doubling current supply — pressure mounts on the stock, now trading at $114.46. Despite a $1.9B Q2 loss and projected losses exceeding last year’s $5B deficit, SpaceX keeps pushing: a successful Starship test, satellite deployments, and wild new rocket-catching tech in Texas. Meanwhile, Starlink remains profitable, while AI and X continue to bleed cash — all while Musk’s net worth…
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