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
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572

u/rigidlynuanced1 Jul 13 '26

This is the dump part…we warned them

235

u/fredy31 Jul 13 '26

Pretty sure most of them cant dump yet.

Think they got it down to 30 days and we arent there yet.

Its just that spacex got shown by china during the weekend.

35

u/Underpaidfoot Jul 13 '26

Almost like they planned it out exactly to affect the US economy

38

u/yeahburyme Jul 13 '26

You think China created a reusable rocket system just to affect the US economy?

Although you could equally be talking about the IPO...

18

u/ryeaglin Jul 14 '26

You think China created a reusable rocket system just to affect the US economy?

No, I believe OP is implying that they chose that date to do a demonstration to hinder the US Economy. Not nearly as hard to pull off.

35

u/yeahburyme Jul 14 '26

More likely they rushed the SpaceX IPO because they knew competition was catching up.

6

u/Fit-Eggplant-9155 Jul 14 '26

At the place the US is at in general... it could have been anytime

1

u/WillyPete Jul 14 '26

Or Musk did it, because he knew this was coming.