SpaceX stock drops to a new low and loses $1 trillion in value in a month
Summary
Business Insider reports that SpaceX stock has fallen to new lows, wiping out about $1 trillion in market value within a month after its IPO. The decline accelerated after SpaceX scrubbed its first Starship launch since going public, with looming lockup expirations adding selling pressure and investors weighing SpaceX's long-term growth prospects tied to Starship and Artemis programs.