SpaceX’s post-IPO plunge sets tense backdrop for first earnings report

SpaceX shares have experienced a significant decline following their initial public offering, losing more than $500 billion in market capitalization and falling more than 50% from their intraday peak. The stock has recorded four consecutive weekly losses, creating an atmosphere of investor disappointment reminiscent of Facebook’s 2012 IPO, though the absolute value destruction at SpaceX has been substantially larger.
The company’s first earnings report as a publicly traded entity is