beep@piefed.world to TechnologyEnglish · edit-220 hours agoSpaceX stock sinks below $135 IPO price for the first time(70% off from its peak); SpaceX has lost more than $800 billion in market value from its closing high seen a month agowww.morningstar.comexternal-linkmessage-square57linkfedilinkarrow-up1282arrow-down14file-textcross-posted to: [email protected]
arrow-up1278arrow-down1external-linkSpaceX stock sinks below $135 IPO price for the first time(70% off from its peak); SpaceX has lost more than $800 billion in market value from its closing high seen a month agowww.morningstar.combeep@piefed.world to TechnologyEnglish · edit-220 hours agomessage-square57linkfedilinkfile-textcross-posted to: [email protected]
cross-posted from: https://piefed.world/c/tech/p/1264357/spacex-stock-sinks-below-135-ipo-price-for-the-first-time
minus-squareNOT_RICKlinkfedilinkEnglisharrow-up1·17 hours agoThat was because it was so costly to get even a single kg into orbit. The commercial satellite industry is a quarter of a trillion dollars and growing in part because the cost to get stuff in orbit is going down.
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up1·2 hours agoAnd other countries have reusable rockets, namely China and Japan.
That was because it was so costly to get even a single kg into orbit. The commercial satellite industry is a quarter of a trillion dollars and growing in part because the cost to get stuff in orbit is going down.
And other countries have reusable rockets, namely China and Japan.