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Starships were meant to fly, in the wise words of Nicki Minaj. But **** eX's Starship rocket stayed grounded last week as the company's stock crashed down around CEO Elon Musk.
Investors were turning bearish on Musk's **** e company even before last week's scrubbed launch, wiping out about $1 trillion in market value since the stock's June 16 peak. **** eX's shares closed out the week trading about $124, below the company's $135 IPO price last month. Musk, who's the company's biggest shareholder with about a 46% stake, saw his net worth plummet below the trillion mark. But don't start playing a tiny violin just yet: He's still the world's richest person.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: AMC's 'Odyssey' Toward Epic Comeback and Moonshot, Alibaba Train Spotlight on AI's Affordability
Starships were meant to fly, in the wise words of Nicki Minaj. But **** eX's Starship rocket stayed grounded last week as the company's stock crashed down around CEO Elon Musk.
Investors were turning bearish on Musk's **** e company even before last week's scrubbed launch, wiping out about $1 trillion in market value since the stock's June 16 peak. **** eX's shares closed out the week trading about $124, below the company's $135 IPO price last month. Musk, who's the company's biggest shareholder with about a 46% stake, saw his net worth plummet below the trillion mark. But don't start playing a tiny violin just yet: He's still the world's richest person.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: AMC's 'Odyssey' Toward Epic Comeback and Moonshot, Alibaba Train Spotlight on AI's Affordability
3 months ago
