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SpaceX’s Stock Slide and What It Means | Auckland News
SpaceX’s stock nosedived from over $200 to around $135, wiping nearly a trillion dollars off its valuation and knocking Elon Musk out of trillionaire status. New Zealand investors, swept up in the IPO frenzy, now face a volatile ride as the company’s soaring price was built on speculative future bets—Starship, Starlink dominance, and AI data centers. With hype-driven initial demand cooling and everyday investors flooding in, the market is now waiting for real results: quarterly reports, Starlink performance, X’s progress, and AI spending. Until then, the true value remains unproven—future…
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