SpaceX continued to weaken before a new test flight of the Starfleet, and the share price had fallen by $135 per share. While the company had risen rapidly to above $200 at the beginning of its listing, the past month has been characterized by a steady decline in the market ' s enthusiasm for its valuation.
It's coming back on the market.
In the early days of the market, SpaceX was able to obtain a level of valuation close to that of a large technology firm on the basis of a strong purchase. However, as the trade moved forward, the stock price went down almost on a week-by-week basis and the pre-period premium, driven by high expectations, began to be re-compressed.
The article mentions that the market is re-assessing Mask's narrative of the company's future growth. The overall cooling of the technology stock over the past month, SpaceX, not only did stock prices fall, but post-IPO bond prices were simultaneously under pressure, indicating that investor risk preferences were declining.
Follow-up technology.
SpaceX ' s performance is important not only because of the large body of the company, but also because it is seen as a market windbender before the subsequent large technology company was listed. OpenAI and Anthropic have filed an IPO application in secret, but no specific listing date has yet been published.
If after SpaceX continues to fall short, the willingness of investors to take over from high-value technology companies may be further weakened, and subsequent IPO pricing space and distribution tempo may be affected.
- The stock price went up and went up $200.
- It's broken. $135. Price
- Bond prices are weak after IPO.
Starship test flight approaching.
A more direct test comes from the upcoming astroship test. This will be the first launch ship after the company's listing and the first flight after the booster malfunction in May this year, with the result that it may further affect the market's judgement of its ability to implement it.
Starfleet is still in the development stage, and the risk of failure is high. According to the current mission, SpaceX did not plan to recover boosters and upper stages, but rather to allow the two components to model their landings in the Gulf of Mexico, so that, even if the flight went well, the rocket system would eventually end with an explosion.
Next, the market is concerned not only about whether a test flight completes the established process, but also about whether SpaceX can continue to maintain investor confidence in its long-term plan during the valuation fall.