SpaceX Shares Fall 4.9% as Analyst Flags Starlink Risks to Apple

SpaceX shares fell 4.9% over five trading sessions as an Oct. 9 share-release eligibility date coincided with renewed attention on Starlink’s planned U.S. mobile expansion and potential pressure on Apple. The shares closed at $163.46 at 4 p.m. ET (8 p.m. UTC) on Oct. 12, down from $171.92 on Oct. 6. Up to 328.4 million shares became eligible for release on Oct. 9, while a separate scheduled release date is listed for Oct. 24. The schedule does not establish that eligible shares were sold.

Source: TokenPost