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SpaceX moon crash is a metaphor for rocketmaker’s share price, analysts say

SpaceX moon crash is a metaphor for rocketmaker’s share price, analysts say

A SpaceX Falcon 9 rocket launches carrying Firefly Aerospace’s Blue Ghost lunar lander as the primary payload and Japan-based ispace’s Resilience lander as a secondary payload, from Kennedy Space Center in Cape Canaveral, Florida, Jan. 15, 2025.

Steve Nesius | Reuters

Parts of a SpaceX rocket reportedly crashed into the moon on Wednesday — a collision analysts say provides a “good metaphor” for the satellite maker’s plunging share price.

Elon Musk‘s SpaceX slumped in morning trade after reporting its first quarterly earnings as a publicly traded company this week. Although revenue soared 92%, investors were unnerved by a sixfold increase in the company’s capex to $18.4 billion in the second quarter. The bulk was spent on AI, prompting a…

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