◆ NeutralSPCX

Why Did SpaceX Stock Drop Again on Monday?

The Motley Fool·
Why Did SpaceX Stock Drop Again on Monday?

SpaceX stock fell below its IPO price after scrubbing a Starship test flight due to engine ignition failures. Despite Elon Musk's promise to retry within days with replacement engines, investors continued selling the stock on Monday. The company trades at 84x trailing revenue with no current profits, leaving analysts questioning the valuation until profitability materializes.

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