SpaceX shares retreated 2% as investors reacted to a Starship flight delay and record retail selling, even as Ron Baron reaffirmed his long-term bullish thesis for the company.
SpaceX stock fell over 2% after delays to Starship's test flight and significant retail selling, despite bullish commentary from Baron Capital.
Tesla is mentioned in the context of possible merger speculation with SpaceX, fueled by Musk's comments, but no concrete developments are disclosed.
SpaceX shares fell over 2% on Friday following a six-day delay to the Starship orbital test flight. Despite the pullback and record retail selling of $250 million this week, major backer Ron Baron maintains a bullish long-term outlook, projecting a massive valuation for the Starlink satellite business.
The stock declined over 2% due to a six-day delay in the Starship orbital test flight and significant retail selling pressure.
While Elon Musk has fueled speculation by acknowledging the close collaboration between the two firms, no concrete merger plans have been confirmed.