Why is Space X price coming down?

Investor summaryNeutral

The author questions why SpaceX's price is dropping, guessing it could be due to backlash against Musk, lawsuits, or a rug pull.

Bear points

Public backlash against Elon Musk.
Ongoing lawsuits against Musk.
Speculation of a rug pull.

SPCX

Post body

Source: https://www.theguardian.com/business/live/2026/jun/24/elon-musk-trillionaire-status-spacex-and-tesla-shares-stock-markets-ai-bonds-pound-ftse-live-news-updates

I have very limited knowledge on investing, but was wondering if public opinion had finally caught up to Elon Musk? Could this be to do with the various lawsuits he's facing? Or is it related to other matters like a rug pull?

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