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SpaceX Stock Plummets Amid High Stakes | Durham News
SpaceX’s historic IPO is already in freefall, trading below its opening price and hitting a record low near $139 — down over 38% from its peak. Wall Street is split: some analysts predict a potential $800 price target and a $10 trillion valuation, seeing SpaceX as the backbone of the next economy, while others call it a bubble. The company’s mix of rocket tech, Starlink internet, and AI investments fuels wild volatility, especially as it posted $5 billion in losses last year and won’t hit positive cash flow until 2035. The real test comes soon: a Starship test flight on July 16 and the first…
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