Summary · why it matters
SpaceX shares fell another 5% on Friday, extending a brutal post-IPO slide that has wiped out roughly $1 trillion in market value from the stock's June peak. The shares dropped to about $123.82, leaving them nearly 45% below the June 16 intraday high of $225.64. At that peak, SpaceX was valued near $2.64 trillion, and its market value has since fallen to roughly $1.64 trillion. The latest decline came after SpaceX aborted a planned Starship launch when several engines failed to start, with Elon Musk saying the company hopes to try again within days.
Space Exploration Technologies Corp. Class A Common Stock
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