SpaceX stock slid below $135 for the first time since going public. The drop occurred just merely before the 13th Starship test flight. Stock finished at $135.66 earlier in the day today. Analysts attribute delays in Starship’s development stage and pressure hit on tech shares. They also highlight broader worries about tech stocks.
The sell-off unfolded sharply before SpaceX’s planned upcoming test flight. Despite the drop significantly, Cathie Wood’s Ark Invest bought more SpaceX shares on the same day as well.