SpaceX stock hits new all-time low despite 'over the moon' Starship test

SpaceX’s shares have slumped to an all‑time low, trading near $100 per share, even after a near‑flawless Starship flight that many hailed as ‘over the moon.’ The drop leaves investors staring at steep losses while buyers eye a potential entry point. The decline follows four straight weeks of weekly dives, underscoring a stark contrast between the test’s success and market sentiment. MarketWatch and Yahoo Finance recorded the plunge, noting the new low despite the test’s performance.

Investor’s Business Daily highlighted Elon Musk’s recent pledge amid the slide, and 24/7 Wall St. questioned whether the current price invites buying or further waiting. Seeking Alpha offered a chart‑driven look at possible next moves, while extremeTech carried a NASA‑sourced warning that Starship’s heat‑shield technology might be a dead end. The heat‑shield caution adds a technical cloud to an otherwise triumphant flight, complicating any straightforward rally.

Coverage suggests the market is weighing the test’s short‑term boost against long‑term risk assessments and Musk’s commitments. Observers will watch upcoming investor statements and any NASA follow‑up on shielding before the stock’s trajectory can be better gauged.