SpaceX shares fall 6.4% to $130.66 after Musk pushes Starship upper-stage catch to "a few months"
AI Market Summary
SpaceX shares fell 6.4% below the $135 IPO level after Elon Musk pushed the Starship upper-stage tower-catch attempt out by "a few months", underperforming a modest S&P 500 decline. The delay raises near-term execution risk around full reusability milestones and extends timelines for Starship-dependent initiatives such as the planned 2027 Starmind AI computing satellite deployment, despite analysts framing limited long-term impact.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT+2.98%
AI Insight · NCSKSPCX2USD/USDTAI Insight
▼ Bearish
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SpaceX shares fell 6.4% to $130.66 in Thursday midday trading, dropping below the company’s $135 initial public offering price. The move followed CEO Elon Musk saying the timeline to catch Starship’s upper stage with the launch tower will be extended. The S&P 500 fell 0.5% in the same session, leaving SpaceX underperforming the broader market.
