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Results for Elon Musk, Stocks, SpaceX

4 stories, newest first

A stock price crash canceled SpaceX insiders’ $80B bonus unlock, and almost nobody in financial media noticed.

Investors lent SpaceX billions in June, and its longest-dated bonds have sunk to an effective junk-like yield of 7.5% at $0.90 on the dollar.

SpaceX slipped below $140 per share on Monday, wiping out $1T from the peak market capitalization of Elon Musk’s IPO.

Last week was supposed to be a shining example of crypto tech tokenizing SpaceX stocks for the masses. Instead, the industry failed again.