SpaceX's post-IPO plunge sets tense backdrop for first earnings report
--------------------------------------------------------------------
Source: CNBC
Published: 2026-08-03 22:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, Trade & Sanctions, Space, Business & Economy
--------------------------------------------------------------------
Snippet:
Since its first trade on June 12, SpaceX has lost over $500 billion in market cap, a stunning blow to retail investors who jumped into Elon Musk's rocket company at their first opportunity. The stock is coming off its fourth straight weekly loss and is more than 50% off its intraday high.
--------------------------------------------------------------------