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SpaceX could lose a trillion dollars in value amid stock decline

SpaceX could lose a trillion dollars in value amid stock decline

On Friday, the SpaceX stock price dropped, bringing it close to losing more than one trillion dollars of its market value compared to its peak. The stock declined by as much as 4.6%, reaching $125.13, which caused the company to lose approximately $1.0 trillion of its valuation that was $2.64 trillion at the end of June. This decline followed a halt in the Starship rocket launch due to an engine issue, with the company announcing plans to try again in a few days. Despite being added to the Nasdaq 100 index and receiving optimistic assessments, the current stock price is below its initial public offering (IPO) price of $135.

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