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SpaceX Is Learning a Nasty Lesson About Going Public When Your Main Product Is Experimental
['Victor Tangermann', 'Senior Editor', 'Joe Wilkins', 'Frank Landymore']
Futurism
On Thursday, Elon Musk’s SpaceX was forced to call off the latest launch attempt of its enormous Starship spacecraft.
At first, SpaceX’s stock rocketed to an all-time high of $225 by mid-June, buoyed by plenty of pent-up investor enthusiasm.
Shares dipped below a bruising $120 before trading stopped on Monday afternoon, a new record low that’s well below SpaceX’s IPO price of $135.
Whether that will be enough cash to turn Starship into a viable and quick-turnaround space launch platform remains to be seen.
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