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The Independent UK
The Independent UK
National
Bernard Conodn

Elon Musk under pressure as SpaceX shares plunge 50% from June high

SpaceX faces one of its biggest tests since going public as Elon Musk prepares to answer investors' questions during the company's first quarterly earnings call.

The closely watched call comes after SpaceX shares have lost about half their value since peaking in June, fueling concerns that investors may have become overly optimistic about the company's long-term growth. The stock also faces fresh pressure this week as a lockup period expires, allowing insiders to begin selling shares.

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