SpaceX moon crash is a perfect metaphor for rocket maker’s share price, analysts say

A SpaceX Falcon 9 rocket launches carrying Firefly Aerospace's Blue Ghost lunar lander as the primary payload and Japan-based ispace's Resilience lander as a secondary payload, from Kennedy Space Center in Cape Canaveral, Florida, U.S., January 15, 2025. Steve Nesius | ReutersParts of a SpaceX rocket reportedly crashed into the Moon on Wednesday — a collision analysts say provide a "good metaphor" for the satellite maker's plunging share price.Elon Musk's SpaceX slumped in morning trade after reporting its first quarterly earnings as a publicly traded company this week. Although revenue soared 92%, investors were unnerved by a sixfold increase in the company's capex to $18.4 billion in the second quarter. The bulk was spent on AI, prompting a rapid retreat from the stock.Stock Chart IconStock chart iconSpace Exploration Technologies Corp.The sell-off coincided with the expected impact of part of a two-stage SpaceX Falcon 9 rocket system.The section was shed from the reusable lower stage following a January 2025 mission involving commercial U.S. and Japanese lunar landers and reportedly struck the Moon early on Wednesday. The four-metric-ton rocket part, which was travelling at more...