SpaceX Delayed Its Starship Launch and the Stock Fell Below Its IPO Price.
One of Those Things Matters
The Other Doesn’t. Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, completed the largest IPO in history earlier this year, and the initial reception was a positive one. However, shares have been under pressure recently and are now trading below their $135 IPO price.
The initial reason for the stock cooling off was simply the post-IPO hype running out of steam, but the latest move can be attributed to the delay of the company’s much-anticipated Starship launch. But how much does this delay affect the investment thesis? Why the Starship delay is (mostly) noise To be perfectly clear, Starship is a big part of the long-term investment thesis.