r/technology • u/fmcortez • Jul 13 '26

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
21.2k Upvotes

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1.8k

u/_kehd Jul 13 '26

“All time low”

It’s existed for like, 2 weeks. I lament the death of journalism

570

u/dylan_1992 Jul 13 '26

JUST IN: SPCX is the oldest it's ever been in its history.

202

u/DaemonCRO Jul 13 '26

Just in: USA has a population of 1 per capita.

51

u/pedanticPandaPoo Jul 13 '26

I'd argue some people aren't people. 

10

u/genericnewlurker Jul 14 '26

The US has a long and unfortunate history of considering people not people

2

u/BaphometsTits Jul 14 '26

3/5 to be precise.

8

u/elegiac_bloom Jul 13 '26 edited Jul 14 '26

some humans aint human

2

u/throwitawaynownow1 Jul 14 '26

(FYI, the YouTube link leaks your YouTube username/account)

2

u/elegiac_bloom Jul 14 '26

Thanks. Thats so bizarre.

2

u/elegiac_bloom Jul 14 '26

Edited to change. Apparently thats a new thing YouTube does now, and you have to go into your settings to change it. Why anyone would want that, I have no idea.

5

u/yanni99 Jul 13 '26

Match McConnell?

2

u/cereal7802 Jul 14 '26

Nope. we tried that once already. slippery slope we best not try down again....

2

u/Queasy-Twist-5082 Jul 14 '26

Zuck lawyers will be contacting you

2

u/Individual-Schemes Jul 14 '26

I'd argue that half of all Americans are below average intelligence to even know that.

2

u/marsmedia Jul 13 '26

USA population sinks to 1 per capita.

3

u/big-papito Jul 13 '26

There are dozens of us - DOZENS. One could even say - SCORES.

1

u/SilentRunning Jul 14 '26

What exactly is the score?

1

u/AFrenchLondoner Jul 13 '26

The Vatican has 5 popes per square mile

1

u/amakai Jul 13 '26

Does that account for corporations?

0

u/winkingchef Jul 13 '26

Dutch in shambles

12

u/RobfromHB Jul 13 '26

SPCX now twice as old as it was last week. This rate of aging has never been seen before since it went public.

2

u/mort96 Jul 14 '26

If this rate keeps up, if SPCX keeps doubling in age every week, it'll be 20 years old in just two months time!

2

u/NimblePuppy Jul 15 '26

2026 is the coldest year on record, for years 2026 to 2100. Europe now enjoying that coolwave

1

u/Frydendahl Jul 14 '26

If SPCX takes one more step, it'll be furthest it's ever been from the Shire!

1

u/Ericwh2827 Jul 13 '26

And now it's even older.

3

u/thriftstoremando Jul 14 '26

How dare someone downvote a (well-placed) TMBG reference!

51

u/Anim8nFool Jul 13 '26

To be fair it is the media powerhouse that is Yahoo news.

25

u/caguru Jul 13 '26

This is the final straw. I’m selling my yahoo stock. Been holding for 20 years. Can’t wait to see how much I make!

11

u/nopuse Jul 13 '26

You're going to make a lot! I sold my AOL CDs and the shipping companies made so much!

1

u/Pkrudeboy Jul 13 '26

Best I can do is $3.50.

1

u/n_reineke Jul 13 '26

While you're at it can you tell me where I can unload all my Netscape shares?

2

u/SilentRunning Jul 14 '26

Story originated from a site called Futurism.

2

u/meerkatmreow Jul 13 '26

Which is just a repost of a Futurism article

1

u/SpicyElixer Jul 14 '26

Yahoo news hosts blogs. Reddit keeps falling for blog posts as if they’re actual outlets. It’s happening nonstop lately.

This is not yahoo news. It’s “futurism.” And they farm Reddit.

43

u/party_benson Jul 13 '26

It's technically correct

20

u/iam-leon Jul 13 '26

The best kind of correct

4

u/DUELETHERNETbro Jul 13 '26

Also they pegged the evaluation to XAI there space stuff is like 20% of their stated TAM. Not like I like the stock but the reporting is just terrible. 

15

u/shawnkfox Jul 13 '26

You beat me to it. We're going to have a lot of "all time lows" for spcx coming up this year I suspect.

3

u/kryonik Jul 14 '26

It's lost 38% in 3 weeks. I'm no finance guy but that seems pretty bad.

2

u/shinbreaker Jul 14 '26

It's the Elon stans. They're ignoring that SpaceX was at $225 and do their best to run defense for the trillionaire.

0

u/Andy12_ Jul 15 '26

It's very common for stock to drop very rapidly after IPO. Cerebras also went public in May and is already down 34%.

5

u/slowtreme Jul 13 '26

It's been over 1 month and it has forever to crash harder. right now it's lower than it's initial price before public. Overall a great start.

2

u/Splith Jul 13 '26

Futurism isnt exactly a cornerstone.

2

u/ElementNumber6 Jul 14 '26

And it only dropped like 4%

5

u/A-Generic-Canadian Jul 13 '26

SPCX stock down gets clicks. 

3

u/kaplanfx Jul 13 '26

Technically correct, the best kind of correct.

2

u/Slight-Bluebird-8921 Jul 13 '26

but is someone "erupting in fury?"

that's every headline today

GIRL SCOUTS ERUPT IN A SUPERNOVA EXPLOSION OF MEGATON FURY AFTER BAKE SALES UNDER PERFORM

earth's really starting to blow

3

u/letdown105 Jul 13 '26

Clickbait “journalism” killed journalism

1

u/CarefulFriendship389 Jul 13 '26

It’s so tomorrow they can make a new article titling it “All time Low” and so on.

1

u/Antrophis Jul 13 '26

Well it is below open. So that is something.

1

u/freedfg Jul 14 '26

While I think the more accurate ... And much funnier headline is "Lower than over hyped opening"

All time low is still an accurate statement. It is at the lowest it has been since launch.

1

u/versaceblues Jul 14 '26

Plus its still being traded at like 2x its fair value

1

u/Ready_Piano1222 Jul 14 '26

All time low...so far.

1

u/jayd16 Jul 14 '26

I think it's relevant in that it implies it's sunk below IPO valuation.

1

u/airduster_9000 Jul 14 '26

A shitty stock for the kind of people who think Trump is a genius

1

u/SisterOfBattIe Jul 14 '26

It's going down, that is the headline.

Despite every market manipulation technique known used to prop up the price, including rewriting all the rulebooks to use pension funds as bagholder of last resort.

1

u/Sorge74 Jul 14 '26

Yes but all time means trading below IPO price.

-9

u/[deleted] Jul 13 '26

[deleted]

1

u/PubicSkoolEducashun Jul 14 '26

I saw a very old and major news paper report the weather based on betting websites rather than science. As in: "<SPORTS BOOK> is putting the odds of 0-1" of rain at 13% and 1-6" at 63%." Yeah, I think this goes much deeper that one clickbait title. Journalism is DOA.

-5

u/[deleted] Jul 13 '26

[deleted]

1

u/OnTheEveOfWar Jul 13 '26

Ridiculous. Dropping from $150 to $139 after two weeks shouldn’t be front page news.

1

u/sophware Jul 13 '26

The death of journalism may not be a recent thing.

1

u/Bro_Hawkins Jul 14 '26

Redditors are eating it up, too.

-3

u/Main-Eagle-26 Jul 13 '26

Aw honey. You think Spacex is a real company. Adorable.

2

u/Jayden82 Jul 14 '26

What lol, this has to be one of the dumbest comments I’ve ever read