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SpaceX faces potential loss of a trillion dollars in value amid stock decline
SpaceX's stock has fallen significantly, approaching a trillion dollars in market value loss, declining by as much as 4.6% to reach $125.13. This reduces the company's total valuation to approximately $1.65 trillion, down from its previous peak by more than a trillion dollars. The company's market cap dropped from $2.64 trillion in June, following its successful stock exchange listing, but the stock has lost its gains since then due to a halt in Starship rocket launches caused by engine problems. There are plans to attempt another launch within days. Nevertheless, forecasts still suggest the stock could reach an average target price of $235.34 over the next 12 months.
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