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Benzinga
Benzinga
Business
Rishabh Mishra

Elon Musk's SpaceX Plunges 35% From Its Record High One Month After SPCX's Historic IPO

X Elon Musk SpaceX SPCX Gary Black Goldman Sachs Tesla Inc.
Elon,Reeve,Musk,Is,A,Businessman,Known,For,His,Leadership

One month after its historic June 12 IPO, Elon Musk’s Space Exploration Technologies Corp. (NASDAQ:SPCX) is facing a reality check. Shares have plummeted 35.60% from their all-time high of $225.64 to Friday’s close of $145.30, exposing a widening divide between analysts who view the company as a transformative industrial power and those who fear it is becoming a speculative "meme stock."

The Valuation Chasm

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