SpaceX Slide Continues Despite Major Target Hikes. Rival Wins NASA Mars Mission.
SpaceX shares fell 30% over three trading days following its IPO. The company maintains high valuation multiples despite revenue growth in the low-30% range. Elon Musk's net worth has dropped below $1 trillion.
What changed
New data shows the scale of the stock slide and a new $175.7 million NASA contract for a Mars rover launch.
Live updates
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SpaceX Stock Drops 30% as Musk's Net Worth Falls Below $1 Trillion
confidence 90%SpaceX shares fell 30% over three trading days following its IPO. The company maintains high valuation multiples despite revenue growth in the low-30% range. Elon Musk's net worth has dropped below $1 trillion.
What's confirmed:
- SpaceX stock dropped 30% over the last three trading days.
- Elon Musk's net worth is now below $1 trillion.
- NASA awarded SpaceX a $175.7 million contract to launch the Rosalind Franklin Mars rover in late 2028 using a Falcon Heavy.
Still unconfirmed:
- The White House FY2027 budget proposes removing NASA's participation in the Rosalind Franklin mission.
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SpaceX Stock Slide Deepens After IPO Surge
confidence 80%SpaceX shares continue to fall following a record-breaking IPO. The stock dropped from a high of $225.64 to $185.00 by Thursday's close. NASA has awarded the Aeolus Mars orbiter contract to Relativity Space.
What's confirmed:
- NASA selected Relativity Space to build and launch the Aeolus Mars orbiter.
- SpaceX stock fell from a post-IPO high of $225.64 to $185.00 by Thursday's close.
- SpaceX shares dropped for three consecutive trading days.
Still unconfirmed:
- The company is raising debt to fund Elon Musk's cosmic ambitions.
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SpaceX Value Drops as Relativity Space Wins NASA Mars Contract
confidence 80%SpaceX shares fell 18% from their IPO peak, losing $620 billion in two days. NASA selected Relativity Space to build and launch the Aeolus Mars orbiter. This puts the Eric Schmidt-backed firm in direct competition with SpaceX for the Red Planet.
What's confirmed:
- NASA selected Relativity Space to build and launch the Aeolus Mars orbiter.
- Former Google executive chair Eric Schmidt acquired Relativity Space last year.
Still unconfirmed:
- SpaceX shares dropped 18% from their IPO peak.
- SpaceX lost $620 billion in two days.
- A deal with Cursor spooked investors and caused the stock dive.
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SpaceX Valuation Surpasses $2 Trillion Following IPO
confidence 90%SpaceX stock experienced a 6% drop after a period of significant growth. Despite the decline, three analysts raised their price targets. The company reached a valuation over $2 trillion after its first full day of trading.
What's confirmed:
- SpaceX is valued at over $2 trillion after its first full day of trade.
- SpaceX stock dropped 6% following a three-day streak where it climbed about 50%.
Still unconfirmed:
- Elon Musk stated the company might reach approximately $1 trillion in revenue by 2030.
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SpaceX Shares Decline After Historic IPO Rally
confidence 90%SpaceX stock has experienced its first decline since its record initial public offering, with shares dropping 6%. The downturn follows a three-day winning streak that saw the stock climb about 50%. Despite this slide, three analysts have increased their price targets for the company.
What's confirmed:
- SpaceX shares dropped 6% in their first decline since the company's initial public offering.
- SpaceX's initial public offering was the largest in history.
- SpaceX stock climbed about 50% during its initial post-IPO period.
- The company's stock experienced a three-day winning streak before the recent decline.
Still unconfirmed:
- Oppenheimer set a $190 price target and a $330 bull case for 2040.