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SpaceX stock extends losses to 11% during trading sessions

SpaceX stock extends losses to 11% during trading sessions

SpaceX's stock, owned by billionaire Elon Musk, has declined by about 11% in recent trading sessions, dropping from $137 to $122, amid a cautious atmosphere among investors. This decline is attributed to technical concerns regarding Starship rocket launches, broad-scale corrections in technology stocks on the Nasdaq, and the markets awaiting clarifications from the company's management regarding its plans to overcome operational challenges and sustain financial growth amid significant capital expenditures. Currently, investors are trying to assess the stock's support levels and their expectations for the company's future.

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