SpaceX Shares Slide 45% From Record Despite 161% Revenue Growth
Photo: Coinpedia
SpaceX shares dropped $12.61, or 9.28%, to $123.31 on Thursday, deepening a selloff that began after Tuesday’s midterm elections. The fall cut SpaceX’s market value to about $1.66 trillion and left the stock roughly 45% below its $226 record high. Investors fear Democratic control of Congress could block a merger with Tesla that would give Elon Musk most of the voting power in a combined company. One Texas senator reportedly said Democrats will go after Musk.
Source: Coinpedia
