SpaceX stock drops to a new low and loses $1T in value in a month
2 hours ago
- #Stock Market
- #IPO
- #SpaceX
- SpaceX stock has fallen below its $135 IPO price, closing at $131.11 on Thursday.
- The company has lost about $320 billion in market value since its IPO and $1 trillion since its June peak.
- A planned Starship launch was aborted due to engine issues, with a retry scheduled for early next week.
- SpaceX's IPO raised over $85 billion, the largest in history, but the stock has been in steady retreat.
- Upcoming lockup expirations will allow employees and early investors to sell shares after the first quarterly report.