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Business & Finance

SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge

Bloomberg Markets Tuesday 04 August 2026, 08:26 UTC By Carmen Reinicke and Ryan Vlastelica 1 min read
Key Points

SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge SpaceX’s first earnings report following its blockbuster initial public offering is one of the most anticipated events of the summer on Wall Street. Whether it’ll give investors a reason to buy the sinking stock is another matter. Elon Musk’s satellite, space and artificial intelligence company went public at $135 in June, and the shares have been on a roller coaster ride ever since, shooting up to $225 in the first days of...

SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge SpaceX’s first earnings report following its blockbuster initial public offering is one of the most anticipated events of the summer on Wall Street. Whether it’ll give investors a reason to buy the sinking stock is another matter. Elon Musk’s satellite, space and artificial intelligence company went public at $135 in June, and the shares have been on a roller coaster ride ever since, shooting up to $225 in the first days of trading and then plunging below the offering price. They closed Monday at $114.53, down 15% from the IPO and 49% from their high on June 16, erasing more than $1 trillion in market value from that peak.
SpaceX (ORG) First Earnings (ORG) Elon Musk’s (PERSON) IPO (ORG)
Originally published by Bloomberg Markets Read original →

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