SpaceX Down 45% From Peak: Gary Black Warns Investors Breaking Key
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- SpaceX stock has fallen 45% since its peak, with Gary Black telling investors they are breaking the "number one rule in investing"
- Elon Musk's fortune fell below $800 billion following an aborted Starship launch
- Business Insider framed the decline through "3 stats that explain the crash in SpaceX stock price after historic IPO," indicating a rapid post-IPO reversal
Why it matters: A 45% peak-to-trough drop on a stock from a "historic IPO" shows post-listing momentum has fully reversed, and Musk's net worth falling under $800 billion after a failed Starship test ties execution risk directly to his personal wealth.
