SpaceX sell-off wipes $800bn from Musk’s rocket group
Financial Times 2026-07-15 17:13:38
Context: SpaceX, the AI and space conglomerate led by Elon Musk, has experienced a significant sell-off, resulting in a substantial decline in its stock value. The company's stock price has fallen below $135 for the first time since its Wall Street debut in June. This decline has had a considerable impact on the company's valuation.
Key Facts
- SpaceX's stock price has dropped below $135, marking the first time it has fallen to this level since its Wall Street debut in June.
- The sell-off has resulted in a loss of approximately $800 billion in value for Elon Musk's rocket group.
- The decline in stock price has significant implications for the company's valuation and potentially its future fundraising and investment plans.