The slide was exacerbated by concerns over $100bn of shares that are expected to hit the market on August 6th, after the expiry of a lockup period following the listing that prevented early backers, executives and employees from cashing out.

Elon Musk's conduct played a role in a California commission denying a proposal to increase Falcon 9 launches in the state from 36 to 50 this year.

“Right now, Elon Musk is hopping about the country, spewing and tweeting political falsehoods and attacking FEMA while claiming his desire to help the hurricane victims with free Starlink access to the internet,”

everybody on the entire Earth that ever wants to look at the sky has to look at the Starlink satellites.”