As SpaceX Sheds a Tesla’s Worth of Value, Elon Musk Is Trying to Sell Investors on Another Company

As SpaceX Sheds a Tesla’s Worth of Value, Elon Musk Is Trying to Sell Investors on Another Company 8h ago

SpaceX's stock has plummeted since its blockbuster IPO on June 12, closing Monday at a record low of $113.50, a 24% drop from the $150 IPO price. The stock reached an all-time high of $225.64 on June 16, giving the company a market capitalization of roughly $3 trillion. SpaceX is now worth around $1.5 trillion, having shed about $1.5 trillion in value in just over a month. This loss exceeds the approximately $1.2 trillion market capitalization of Elon Musk's electric vehicle company, Tesla.

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