SpaceX Stock Could Plummet 50% | Business and Finance News

SpaceX just had the biggest IPO ever, but its stock is already back to its IPO price—raising alarms that it could plummet 50% in a year. With a $2 trillion valuation, it’s one of the world’s largest companies, yet revenue grew just 33% last year and it’s still losing money. Elon Musk’s bold promises—like a space data center, $1 trillion revenue by 2030, and robotic Mars missions—are risky, given his track record of missing deadlines. Compounding the risk: massive lockup expirations mean insiders will soon flood the market with shares, potentially crashing the price. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/328bb1247fc54c8b