this post was submitted on 15 Jul 2026
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134
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€“] ozymandias117@lemmy.world 5 points 1 hour ago (1 children)

It had value, before it bought xAI.

Now there's an infinite money pit attached to it

[โ€“] BlaestEgnen@feddit.dk 2 points 45 minutes ago

Rocket launch, Twitter and xAI is roughly a zero valuation.

Starlink the worlds fastest growing ISP, while having an enormous profit margin is the bread and butter. From a serious perspective, also what you should aim the valuation for.

Did their IPO launch at a fair valuation? Hell nah