economy
SpaceX stock sinks for a second day as company slips below Amazon in market cap
Investor bullishness showed signs of waning on Wednesday, as shares sank 5%.
TL;DR
- SpaceX stock fell 3.57% on Thursday, following a 5% drop on Wednesday.
- The company's market cap slipped below Amazon's to $2.43 trillion.
- SpaceX shares had previously surged about 15% this week and were up 37% after its IPO.
- Roelof Botha has joined SpaceX's board as an independent director.
- Elon Musk controls over 82% of SpaceX's voting rights and anticipates $1 trillion in revenue by 2030.