When SpaceX NASDAQ: SPCX went public just over a month ago, on June 12, it did so as the most hotly anticipated listing in years, and unmistakably as a space company. Rockets, satellites, and Mars ambitions were the story.
SpaceX (SPCX 5.41%) stock is one of the most popular stocks in the market right now.
Space Exploration Technologies Corp. SPCX shares came under pressure after Starship's 13th test flight scheduled on Thursday was aborted moments before take-off. The stock's price fell below the IPO price on Thursday following this incident.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) came public last month in one of the most anticipated IPOs of the decade, and the reception on day one was everything Elon Musk could have wanted.
The wild ride for SpaceX shares has picked up momentum.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) investors are watching retirement savings crater.
SpaceX (SPCX) stock is tumbling further this morning after the firm's 13th Starship test flight was aborted right before liftoff as several engines failed to start properly. The development adds fuel to the bearish fire that has already assembled a $25 billion wall against billionaire Elon Musk's space infrastructure and artificial intelligence (AI) behemoth.
SpaceX's stock was down in premarket trading on Friday after a failed Starship test flight the previous day. An engine ignition failure triggered SpaceX to abort the test launch.
Shares in SpaceX declined about 4% in premarket trading on Friday after aborted mission.
SpaceX stock closed below the IPO price for the first time on Thursday.
SpaceX (NASDAQ: SPCX) had an explosive initial public offering (IPO) last month, but investors who gained direct exposure to the company at its debut have unfortunately suffered some noticeable losses.
SpaceX shares were sliding in after-hours trading, after closing below their IPO price for the first time on Thursday after the company's 13th Starship test flight was aborted less than a second before liftoff, adding to investor concerns at a time when bearish bets against the stock are mounting. The stock dropped about 4.5% in after-hours trading after the launch was scrubbed, extending losses from the regular session when it closed at $131.11, below its June IPO price of $135.