SpaceX Stock Price Recovers As Eric Trump Rallies Behind Elon Musk, Will It Hold?

NewsThu, 06 Aug 2026 15:18:45 UTC2 hours ago

Eric Trump defended Elon Musk on Thursday, rejecting a Bloomberg column that cast the SpaceX founder as a serial overpromiser. His comment comes the same day 911 million restricted SpaceX shares become free to trade.

SpaceX (SPCX) stock climbed anyway. Shares changed hands near $112.76 late in Thursday morning in New York, up 4.15%. That bounce means less than it appears.

SpaceX (SPCX) Stock Performance. Source: Yahoo Finance

Eric Trump Answers Bloomberg With SpaceX Launch Numbers

In the report, Bloomberg credited Falcon 9 reliability and Starlink profits, but warns that a full mobile phone network could stretch the company too far.

One line did the damage, indicating that Musk has a long history of overpromising and underdelivering.

Eric Trump quoted that line back and answered it with launch data.

"overpromising and underdelivering"

SpaceX launched ~80-85% of ALL mass to orbit in 2025. To put that in context, China did ~8-10%. One private company outpaced the rest of Earth (far exceeding the two largest superpowers). 165 successful Falcon flights with zero failures.… https://t.co/LnAQzf2XgH
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SpaceX Stock Price Recovers As Eric Trump Rallies Behind Elon Musk, Will It Hold?

Eric Trump Answers Bloomberg With SpaceX Launch Numbers

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