SpaceX’s stock falls to a new low despite a near-flawless Starship flight

SpaceX stock has reached a new low despite a nearly flawless Starship flight. This decline reflects market skepticism regarding long-term profitability and the inherent risks associated with space ventures, impacting investor confidence. Furthermore, the upcoming earnings report next week could trigger additional selling, as certain insiders will soon be permitted to unload their shares. The situation highlights a disconnect between the company's technical achievements and its current market valuation and investor sentiment.