Elon tweets DOGE while SpaceX launches new SN9 rocket

DOGE surges 42.94% in the last 24hrs as Elon Musk tweets out calling it ‘The People’s Crypto’ - settling at $0.052 cents USD at the time of writing.

Space-x also had a successful rapid unscheduled disassembly of their SN9 Starship rocket this week as it did not pull up in time when attempting a landing from a horizontal free-fall. This was the second Starship test in the past 3 months, paving the way towards both reusability of long-distance rockets as well as space travel to Mars. Revised timelines for the journey are slated for as early as 2026.

Gamestop (NYSE: GME) falls another 42.11% today during market hours, with another 6.54% drop to $50.00 a share at the time of writing. This represents almost a 10x drop in share price and market cap from almost a week ago, leaving questions about any sort of market manipulation. Robinhood CEO, Vladimir Tenev, is expected to testify in front of the House Financial Services committee on February 18th regarding the sale restriction of GME shares, which seeks to answer the broker’s decision to limit the trading of GME as well as other tickers.

- Jon