SpaceX stock has hit a new all-time low, according to Yahoo Finance, despite a recent successful test of its Starship spacecraft. The stock's decline comes as a surprise, given the 'over the moon' performance of the Starship test. This unexpected downturn has raised questions about the company's financial health.
According to MarketWatch.com, the stock fell to a new low despite a near-flawless Starship flight, while Proactive Financial News attributes the decline to lock-up concerns. Additionally, The Washington Post reports that the decline in SpaceX's stock has also affected Tesla's stock, dragging it down with it.
The decline in SpaceX's stock is significant, as it reflects investor concerns about the company's financial performance and future prospects, despite its recent technical successes.