Elon Musk faces investor scrutiny as SpaceX shares plunge 50%

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleSpaceX is preparing for its first quarterly earnings call, facing investor scrutiny after its shares lost approximately half their value since peaking in June. Investors are expected to question Elon Musk on the progress of the Starship rocket programme, the Starlink satellite network, and a potential tie-up with Tesla. The company is under significant financial pressure, with net losses for the first half of the year projected to exceed the $5 billion lost in the entirety of the previous year. A lockup period expires this week, allowing insiders to sell over 900,000 additional shares, which could further increase market volatility. Operationally, SpaceX recently completed a successful Starship satellite deployment and continues to develop its Starlink internet service, while also owning the AI business behind Grok and the social media platform X. In fullElon Musk under pressure as SpaceX shares plunge 50% from June highMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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