SpaceX Loses Market Value Equivalent to Tesla Since June Peak
Since peaking at a $2.64 trillion valuation on June 16, 2026, SpaceX has lost approximately $1.2 trillion in market value as of July 28, 2026. This decline represents about 46% and is equivalent to the entire current market cap of Tesla Inc (NASDAQ:TSLA). The space company debuted at a valuation over $1 trillion with an IPO price of $135 per share, opening above that level. Despite this significant drop, SpaceX still holds a higher value than Tesla ($1.2 trillion), Berkshire Hathaway ($1.10 trillion), Eli Lilly ($1.09 trillion), and Walmart ($919 billion). The valuation decline has raised concerns among investors who had hoped for continued growth following the company's high-profile debut. Experts suggest that such a steep correction is not uncommon after an overvalued IPO, with many noting the challenges of sustaining lofty initial valuations.
Topics: IPO performance Market valuation SpaceX Tesla