#elon musk

Why Musk's Two-Word Denial Wiped Billions Off SpaceX Stock

Elon Musk's blunt rejection of a WSJ report on a SpaceX AI prototype device sent SPCX shares down roughly 7%, deepening a 30% slide from the stock's post-IPO peak. The episode exposes how much of SpaceX's $2 trillion valuation rests on narrative — and how fragile that narrative can be.