Post by @bloombergopinion

#SpaceX sorely needs a catalyst to turn around its sinking stock price since its historic June 12 share sale, which raised $86 billion. The #stock, which was priced at $135 a share for the initial public offering, soared to a closing price of $201.80 on the third day, valuing SpaceX at $1.5 trillion. Since then, it has sunk to $114.46 at Monday’s close, and further decline could follow as staggered restrictions on selling shares begin to lift on Thursday for early and insider shareholders. #ElonMusk #space #earnings