✉news ScienceSpace first seen 11 h ago, last 11 h ago, peak #26
SpaceX shares fall 31% despite $100 billion cash pile
Original: SpaceX (SPCX) Falls 31% From Its High — Why $100B in Cash Isn't Stopping the Selloff
SpaceX's stock has dropped 31% from its peak, with roughly $100 billion in cash failing to halt the selloff. Commentators point to a disconnect between the company's strong balance sheet and investor sentiment, as holders continue to offload shares amid doubts about valuation and near-term catalysts.
Why now: Investors are reacting to the sharp decline in SpaceX's share price despite its large cash reserves.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/63243