SpaceX Stock Falls 2% After Successful Starship Launch

SpaceX's 14th Starship test flight succeeded, deploying 26 Starlink V3 satellites into a 171-mile orbit and splashing down in the Pacific. Yet the stock slid over 2% and sits below its level a week ago. Investors point to the company's nearly $2 trillion valuation, ongoing losses, the xAI merger, and 328 million shares becoming eligible for sale.

• Starship deployed 26 Starlink V3 satellites into a 171-mile orbit
• One Raptor engine failed after Super Heavy separation
• SpaceX stock fell 2% and is below its level a week ago
• Valuation near $2 trillion despite billions in annual losses