🚨 SpaceX $SPCX has erased approximately $1 trillion in market capitalization since its mid-June peak. Listed on June 12 at $135, the stock rose to $225 before declining. It now trades around $125—below its initial offering price for the first time, representing more than a 40% drop from its peak. Market capitalization has fallen to $1.75 trillion. The decline accelerated following the cancellation of the first Starship launch, amid profit-taking and a reassessment of valuation.
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