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SpaceX drops nearly 8%, down for the second consecutive day

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Golden Finance reports that on June 18, SpaceX fell for the second consecutive day, once dropping to nearly 8% to $176.6 during the trading session. Dan Taylor of Invesman Group said in his comments that SpaceX’s valuation does not reflect the overall health of the AI sector. The rocket company’s stock performance appears to be more of a bet on CEO Elon Musk than an AI story. Taylor said the company is unlikely to achieve Musk’s $1 trillion revenue target before 2030, but his previous entrepreneurial ventures show that investors are not short on confidence in him, which should be a factor supporting SpaceX.
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