- SpaceX's post-IPO stock price has declined 38% from its peak, leaving early investors with a marginal paper profit of 0.8%.
- The company's bond yields are rising sharply, moving toward levels typically associated with junk status as market sentiment shifts.
- Despite current losses, the company's market capitalization briefly exceeded those of major technology giants like Amazon and Microsoft during its peak valuation.
Quotes
“We’re old enough to remember when the market cap of the lossmaking telecom SpaceX was bigger than Amazon’s. Heck, for a few precious moments it was bigger than Microsoft’s.”