Deep Tide TechFlow news: On July 18, the Financial Times reported that more and more investors are betting on a decline in SpaceX’s share price. After the company went public only a few weeks ago, its stock price first fell below the offering price. The report said SpaceX’s earlier valuation included higher expectations for future growth, such as the expansion of its Starlink satellite internet, the commercialization of its space business, and AI-related potential. Although the market had previously shown strong interest, driven by the company’s rocket business, satellite internet, and AI plans, and the IPO attracted large amounts of capital in its early days, as the share price pulled back, some traders began betting on further downside via short-selling or other bearish strategies. As of now, SpaceX has not responded to these market trading developments.

SPCX-5.43%
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