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SpaceX’s Stock Slide and Survival | Lexington News
SpaceX’s stock is in freefall after its first quarterly earnings since going public, plunging nearly 50% from its June peak as investors question if the company’s lofty ambitions are overhyped. Cash burn is accelerating, with projected losses for the first half of the year exceeding last year’s $5 billion total — and Q2 alone could hit $1.9 billion. But amid the turbulence, there’s momentum: recent Starship test successes, a booming Starlink business, and new AI and social media ventures like Grok and X keep pushing forward. Analysts see potential for a strong rebound later this year — even…
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