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SpaceX's impact dents Tesla market value
The market value of SpaceX has decreased by almost the entire value of Tesla, after losing over $1.2 trillion from its peak in June when its stock price reached $225.64. On Monday's session, SpaceX's share dropped by more than 1%, reaching $113.50, as stock market fluctuations continued and some trading shifted toward neutrality or optimism. However, trading in put options remained the largest, with most of the $442 million in premiums being directed toward puts. Investors are awaiting the company's earnings report following the offering that allows the sale of 20% of its restricted shares, starting from August 6, amid warnings that SpaceX has become one of the most volatile stocks in the market.
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