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SpaceX’s Stock Plummets Amid Earnings Woes | Raleigh News
Description
SpaceX’s wild stock ride is crashing — down 50% from its peak, wiping out $1.5 trillion in market value — as Wall Street turns skeptical. With its first earnings report looming and massive losses fueled by its AI division, the company’s rocket business still isn’t profitable. And next Thursday, insiders can start selling shares, potentially driving the price even lower. Cramer and others urge patience: the long-term vision is still strong, but now’s not the time to jump in.
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