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The Independent UK
The Independent UK
Karl Matchett

The real reason SpaceX shares are tanking after out-of-control rocket smashes into moon

The SpaceX share price had been enjoying a resurgence in recent week, but when markets open on Wednesday it is set to plummet by more than 11 per cent – and it’s nothing to do with an out of control rocket.

A long-since disused part of a Falcon 9 spacecraft which launched back in 2025 is believed to have crashed into the moon’s surface on Wednesday morning, reportedly hitting with the power of three tons of TNT and creating a new crater in the process.

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