Episode Details

SpaceX stock is crashing, down 50% from its June peak, as Wall Street worries Elon Musk overhyped the company’s future—and insiders are about to flood the market with shares after a lockup ends this week. The stock’s wild ride began with a 19% jump on day one, briefly making Musk a trillionaire, but since then both SpaceX and Tesla have tumbled, slashing his net worth to $726 billion. The company’s burning cash—expected losses this year could exceed last year’s $5 billion—with analysts betting on a rebound. Meanwhile, insiders can now sell over 900 million shares, more than doubling the float and adding pressure. But there’s hope: Starship successfully launched satellites, engineers are testing robotic arms to catch rockets mid-flight, and Starlink remains a cash cow globally. Plus, Grok and X (formerly Twitter) are still in the red—but the future might be brighter than it looks.

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