SpaceX Stock Price Drops by 13.61% Following Disappointing Earnings Report

SpaceX's stock price has dropped by 13.61% since the market last closed, from $108.27 to $90.21.

This decrease is part of a larger trend for the company, with several analysts weighing in on its prospects. Cathie Wood has invested heavily in SpaceX and Nvidia, while others have expressed caution about the stock's performance.

SpaceX's second-quarter earnings report revealed that the company's revenue beat expectations, but its EPS fell short. The firm's CFO described the period as 'momentous,' but the market seems to be taking a more pessimistic view.