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Investors clearly aren't familiar with rocket launches. SpaceX scrubbed their Starship launch last evening so they could fix an engine issue. SpaceX stock immediately crashed. Even worse, Rocket Lab, an entirely unaffiliated company, had its stock plummet after the SpaceX scrub.
SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T. Morningstar says $780 billion. Clown show: Raymond James - $800 Morgan Stanley - $300 Deutsche Bank - $255 JPMorgan - $225 Goldman Sachs - $205 Citi - $200
How do they come up with these numbers?
Earlier quoted context omitted.
so was the comment that it wouldn't grow, or wouldn't shrink. :)
SpaceX is still a $1.6T company measured by the sum total paper value of all of its stock. Its stock would have to go down another 40% from today's value before it is not "a trillion dollar company." It could grow, it could shrink, but it seems like the root comment misunderstood the headline by thinking it's current market cap is <$1T
Investors clearly aren't familiar with rocket launches. SpaceX scrubbed their Starship launch last evening so they could fix an engine issue. SpaceX stock immediately crashed. Even worse, Rocket Lab, an entirely unaffiliated company, had its stock plummet after the SpaceX scrub.
Investors clearly aren't familiar with rocket launches. SpaceX scrubbed their Starship launch last evening so they could fix an engine issue. SpaceX stock immediately crashed. Even worse, Rocket Lab, an entirely unaffiliated company, had its stock plummet after the SpaceX scrub.
Might have something to do with Musk making outlandish promises (AI datacenters in space) and the fact that most of the company's value is tied up in xAI, the shittiest AI provider.
Investors clearly aren't familiar with rocket launches. SpaceX scrubbed their Starship launch last evening so they could fix an engine issue. SpaceX stock immediately crashed. Even worse, Rocket Lab, an entirely unaffiliated company, had its stock plummet after the SpaceX scrub.
A dip because of a scrubbed launch is a blip on the radar compared to the catastrophically bad ideas Musk is promising to implement. Data centers in space? That's just lunacy. A ridiculous idea from a ridiculous man.
morningstar said the fair price is $62
I doubt it will ever become a $1T company ever again.
Investors clearly aren't familiar with rocket launches. SpaceX scrubbed their Starship launch last evening so they could fix an engine issue. SpaceX stock immediately crashed. Even worse, Rocket Lab, an entirely unaffiliated company, had its stock plummet after the SpaceX scrub.