SpaceX and Tesla Lose $1.2 Trillion Market Value in July, Apple Drives Gains
In July 2026, SpaceX (SPCX) and Tesla (TSLA), both owned by Elon Musk, lost significant market value—$800 billion and over $400 billion respectively—as investor sentiment shifted. Alphabet’s parent company also shed more than $300 billion in valuation. These three companies accounted for nearly all of the roughly $1.5 trillion loss among the top 10 U.S. stocks by market cap. Meanwhile, Apple (AAPL) had its best month in four years and gained about $700 billion, pushing it close to a record $5-trillion valuation. Microsoft (MSFT) added nearly $150 billion while Meta also rose over $100 billion. Excluding Musk’s two companies, the remaining eight top stocks combined for more than $600 billion in gains. The broader market showed mixed performance: The equal-weight S&P 500 was up slightly, but the cap-weighted version fell due to losses among megacaps. Selling pressure has been concentrated on tech and discretionary sectors while energy and financials gained traction.
Tickers: $AAPL $GOOGL $MSFT $SPCX $TSLA
Topics: Apple market cap changes SpaceX stock market Tesla