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Jul 17 at 03:21 AM
SpaceX (SPCX) -3% → closed at $131.11, marking the first time it has ever closed below its $135 IPO price, following the cancellation of the Starship test flight due to an engine failure to ignite; after-hours trading saw the stock price drop to around $124.
Is this the right time to enter the market?
Starlink has always been a profitable performer, but due to the implications of space launches and AI investments, SPCX has suffered a heavy blow just after its listing.
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