SK Hynix Lands on Nasdaq, SpaceX Stock Plunges

South Korean chipmaker SK Hynix began trading on the Nasdaq stock exchange today, marking a major milestone for the company. The listing gives U.S. investors direct access to one of the world’s leading memory chip producers. SK Hynix shares opened at $120, slightly above its initial public offering price. In contrast, SpaceX stock suffered a sharp drop, falling 8% in early trading. The decline follows reports of a delayed satellite launch and rising production costs. SpaceX, the private space company led by Elon Musk, is not publicly listed but trades on secondary markets. Analysts say the drop reflects growing investor caution over high-risk space ventures.