BUSINESSQUARTZ
SpaceX stock has shed $1.2 trillion in market cap — roughly equal to all of Tesla
SpaceX stock has lost $1.2 trillion in market capitalization, equivalent to Tesla's entire value, and closed at $113.50 on Monday, approximately half its June peak. The stock declined for the 13th time in 16 sessions.
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Adjacent reporting
- SpaceX has now lost the equivalent of a full Tesla in market capitalization
- SpaceX stock plunged below its IPO-day close, shedding $400 billion in market value
- SpaceX sheds $400 billion in value as stock slides below its IPO-day closing price
- SpaceX stock tumbles 23% from its high as average investors see gains wiped out