Space Industry Shakeout: What's Behind SpaceX's Stock Plunge? The space industry has long been touted as a sector where innovation and risk taking can lead to huge rewards for investors.
However, beneath the surface lies a complex web of rivalries, funding struggles, and technological challenges that can make or break even the most promising players. SpaceX's recent stock plunge is a case in point.
The company's $145. 20 low on Wednesday marked a turning point in its tumultuous post IPO journey.