$SPCX Sập không phải rũ hàng, mà là gãy định giá 📉
The biggest reason is a slap from China. On 10/07, they successfully recovered a Long March 10B rocket booster offshore using a net system, officially breaking SpaceX’s monopoly on reusability. When the monopoly disappears, the pricing premium vanishes too, dragging the chart down sharply.
In addition, the Starship Flight 12 test flight in May was plagued by quite serious, rather unusual issues. During the boostback stage, the Super Heavy rotated abnormally sideways, and many Raptor engines failed to relight (with information suggesting 5/33 engine fail). As a result, the booster crashed straight into the Gulf of Mexico at high speed instead of landing in a controlled manner. From then until 13/07, SpaceX had its flights suspended by the FAA for investigation before the order was lifted.
With internal instability and brutal competitive dynamics, the chart simply reflects reality 🥹
#DEMO