SpaceX Loses $1 Trillion Market Cap Since Mid-June Amid Starship Launch Delays
Since mid-June, SpaceX's market capitalization has dropped by over $1 trillion following a failed test launch of its Starship rocket. The company saw significant declines in stock price after falling below the IPO listing price and facing increased short-selling activity.
Topics: Elon Musk IPO performance SpaceX Starship rocket test failure