this post was submitted on 15 Jul 2026
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136
SpaceX stock sinks below $135 IPO price for the first time(70% off from its peak); SpaceX has lost more than $800 billion in market value from its closing high seen a month ago (www.morningstar.com)
submitted 4 hours ago* (last edited 4 hours ago) by beep@piefed.world to c/technology@lemmy.world
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cross-posted from: https://piefed.world/c/tech/p/1264357/spacex-stock-sinks-below-135-ipo-price-for-the-first-time

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[โ€“] UnspecificGravity@piefed.social 2 points 1 hour ago (1 children)

If you took the state funding out of Space X how much money do they make?

[โ€“] dogslayeggs@lemmy.world 1 points 3 minutes ago

NASA flies roughly 3 missions per year. DoD/DoW launches around 12 missions per year. NRO launches around 5 per year. That is a total of around 20 government missions per year. SpaceX launches roughly 150 missions per year, so removing state funding would only take out about 13% of their $18 billion annual revenue. 100 of those launches are Starlink, which gets funded by both commercial, private users, and government users.