Episode

SpaceX Stock Plummets Amid High Valuation | Business and Finance News

Podcast
Business News Today | 2 Min News | The Daily News Now!
Published
Jul 13, 2026
Duration seconds
96
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not_requested
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https://sources.thednn.ai/edab3088480443b4
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https://api.fastcast.ai/audio/c0da1664-d4a4-45d2-8ec5-5d33199c7a85.mp3
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Summary

SpaceX just went public and rocketed to a $3 trillion market cap, but its stock has already tumbled 35%—now trading at $145. Despite dominating space launches and expanding Starlink to 10 million users, the company’s soaring valuation raises red flags. With AI bets and data center rentals in play, revenue could double by 2026 and hit $70 billion by 2027—but its price-to-sales ratio dwarfs other tech giants, signaling potential for a massive drop if growth stalls. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/edab3088480443b4