SpaceX (SPCX) stock is down more than 5% on Wednesday following a recent rough patch. Shares are in focus as CEO Elon Musk's other company — Tesla (TSLA) — reports second quarter earnings after the bell.
Despite a nice pop on Tuesday, the rocket launch company's shares have shed 20% since early last week. The drop also coincided with the company's scrapping plans to launch Starship V3, the company's latest ****** ecraft, last Thursday night, due to an engine issue.
SpaceX stock sold off during the next trading session on Friday before hitting an all-time closing low of $119.85 on Monday.
Without any new catalysts for the stock, some market watchers see $100 as the next price level to watch. Meanwhile, ****** eX has shed over $1.1 trillion in market value.
#wednesday
Despite a nice pop on Tuesday, the rocket launch company's shares have shed 20% since early last week. The drop also coincided with the company's scrapping plans to launch Starship V3, the company's latest ****** ecraft, last Thursday night, due to an engine issue.
SpaceX stock sold off during the next trading session on Friday before hitting an all-time closing low of $119.85 on Monday.
Without any new catalysts for the stock, some market watchers see $100 as the next price level to watch. Meanwhile, ****** eX has shed over $1.1 trillion in market value.
#wednesday
6 days ago
