Business Insider July 17, 2026 β€’ 11:28

SpaceX stock drops to a new low and loses $1 trillion in value in a month - Business Insider

By Georgia Hennessy

SpaceX stock drops to a new low and loses $1 trillion in value in a month - Business Insider

SpaceX's market cap has lost about $1 trillion in value since its June 16 peak and hit a new low since its record-breaking IPO.

SpaceX's IPO honeymoon seems to be over.
Five weeks after the company's record-breaking debut, about $1 trillion in market value has evaporated and the selling isn't letting up.
The stock first sli… [+1950 chars]

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