South Afrikaner white supremacist fascist Elon "Leon" Musk's SpaceX company is losing value rapidly. Its stock is hitting new lows just weeks after its Initial Public Offering. The failure to launch of its Starship on Thursday has apparently made investors anxious about Musk's visions and promises.v From Business Insider:
"SpaceX's IPO honeymoon seems to be over.
Five weeks after the company's record-breaking debut, about $1 trillion in market value has evaporated — and the selling isn't letting up.
The stock first slipped below its $135 IPO price on Wednesday, touching $132.75 before recovering to close above it.
There was no recovery on Thursday: shares closed at $131.11 — their first finish below the IPO price — and fell by 5% on Friday. The stock was trading below $125 just before midday ET.
It means the rocket and AI company has lost roughly $320 billion in market value since IPO day and is down about $1 trillion since its June 16 peak." (our emphasis)
The human toll of Musk's viscous DOGE project has also been in the news recently, with USAID cuts to humanitarian aid in Africa estimated to have cost millions of lives, many of whom are children. He's also spent an inordinate amount of time away from managing his business with racist, homophobic movie criticism, namely of "The Odyssey" for its casting of Kenyan-Mexican actress Lupita Nyong'o as Helen of Troy and transgender actor Eliot Page as soldier Sinon.
May his stock further crater, and Musk along with it.
No comments:
Post a Comment