Retail and Wall Street are underwater on SpaceX — but not going down without a fight

SpaceX's recent struggles are a notable development in the space industry, where enthusiasm has been high for years. The company's valuation and prospects have been questioned by some retail and Wall Street investors, who are now bearish on its IPO. This shift in sentiment may be attributed to various factors, including the company's financial performance, competition, and regulatory environment.

The bearish view on SpaceX is significant, as the company has been a darling of the space industry and a flagship for Elon Musk's vision. Its struggles may have implications for the broader industry, particularly for companies looking to raise capital through IPOs. The space sector has seen significant investment and interest in recent years, but a high-profile company like SpaceX facing challenges may lead to increased scrutiny and caution among investors.

To watch next: SpaceX's financial performance and any updates on its IPO plans. Investors will be closely monitoring the company's ability to address concerns and demonstrate its growth prospects. Additionally, the performance of other space companies, particularly those with similar business models or technologies, may provide insight into the sector's overall health and investor sentiment.

Originally reported by cnbc.com. Trade-News adds analysis for finance & markets readers.