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Why SpaceX Stock Sank Today

The Motley Fool·
Why SpaceX Stock Sank Today

SpaceX stock fell 4.75% despite positive news that the FAA cleared the company to resume Starship testing, with Flight 13 scheduled for Thursday. The decline was driven by China's successful test of a reusable Long March 10B rocket with water landing capability, closing the technology gap between SpaceX and Chinese competitors and potentially reducing SpaceX's competitive advantage.

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