SpaceX Stock Dips Below Its Sale Price After Rival's Profit Miss

SpaceX shares fell back below their original sale price on August 11, 2026, according to MarketWatch. The drop followed a profit report from AST SpaceMobile, a rival of SpaceX's Starlink internet service, that missed expectations. The decline suggests investors did not see AST's stumble as a win for Starlink. One day of trading cannot show whether that view will last.