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SpaceX Shares Under Pressure on Eve of Starship Test Flight

SpaceX Shares Under Pressure on Eve of Starship Test Flight

TradingKey – SpaceX’s stock price came under pressure in pre-market trading as the upcoming Starship Flight 13 test flight prompted investors to adopt a wait-and-see approach amid uncertainty.

In pre-market trading on July 24, Eastern Time, Elon Musk’s space exploration technologies company SpaceX ( SPCX) edged lower, falling 1.15% to trade at $116.88. Yesterday, SpaceX’s stock price briefly dipped to $110, hitting a new record low, before rebounding to close up 2.59% above $118.

spacex-spcx-price-7c403d3a21f043a19bb79e21a4b1ccbcSpaceX stock price chart, Source: TradingView

SpaceX’s stock price fell in volatile trading today, essentially reflecting normal risk aversion ahead of the 13th Starship test flight. Because it has been postponed twice, uncertainty is high, and investors are…

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