SpaceX stock falls 7 percent
Shares of SpaceX declined by 7% after KBW considered that the company's market valuation has become inflated, especially following the post-IPO surge. The firm confirmed that the current valuation reflects a high value despite weak price-to-sales and enterprise value-to-2027 earnings ratios. Meanwhile, the company continues to develop the next-generation Starship rocket, scheduled for launch on June 29, to support Starlink platform expansion and reduce launch costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)