Musk's bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
Meanwhile, SpaceX's stock has been on a steady downward trajectory over the past month following an initial pop when the company went public. The shares have dropped for four of the past five weeks and are about 43% off their peak close on June 16. On Friday evening, SpaceX will again attempt the 13th test flight of Starship, the largest rocket ever built or flown.
- ▪Meanwhile, SpaceX's stock has been on a steady downward trajectory over the past month following an initial pop when the company went public.
- ▪The shares have dropped for four of the past five weeks and are about 43% off their peak close on June 16.
- ▪On Friday evening, SpaceX will again attempt the 13th test flight of Starship, the largest rocket ever built or flown.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/07/24/tesla-tsla-spacex-spcx-stock-starship-test-flight-musk-bad-week.html |
| Publication time | Fri, 24 Jul 2026 20:20:05 GMT |
| Retrieval time | 2026-07-24T20:31:33.220Z |
| Last seen | 2026-07-24T20:31:33.220Z |
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| Cluster | Mu7f9Rt279VU |
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Opening excerpt (first ~120 words) tap to expand
Meanwhile, SpaceX's stock has been on a steady downward trajectory over the past month following an initial pop when the company went public. The shares have dropped for four of the past five weeks and are about 43% off their peak close on June 16. On Friday evening, SpaceX will again attempt the 13th test flight of Starship, the largest rocket ever built or flown. The company plans to fly the new version of the rocket, Starship V3, from its company town and launch facility in Starbase, Texas.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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