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SpaceX Stock Falls Over 5% and Is on the Verge of Dropping Below Its IPO Price. Its Data Center Is Sued and Shut Down, Which May Jeopardize a $45 Billion Contract With Anthropic.

SpaceX Stock Falls Over 5% and Is on the Verge of Dropping Below Its IPO Price. Its Data Center Is Sued and Shut Down, Which May Jeopardize a $45 Billion Contract With Anthropic.

TradingKey – On July 7, Eastern Time, SpaceX ( SPCX) fell to as low as $150.55 in early trading, nearly breaking below its first-day listing price again. As of press time, it was down over 5% at $150.85. It is reported that SpaceX will be officially included in the Nasdaq 100 Index, making it the first constituent stock in the index’s history with spaceflight operations as its core business.

Despite expectations of passive buying driven by the index inclusion, SpaceX is currently facing a lawsuit that threatens its core business.

Reportedly, a lawsuit is seeking a court order to shut down the gas turbines powering SpaceX’s Colossus 2 data center, alleging they are operating without the required permits. This litigation could imperil…

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