SpaceX stock hit an all-time low of $113.50 on July 28, falling 20% below its IPO price and erasing $1.2 trillion. Despite Starship V3's successful reentry on Flight 13, investors are repricing the company as it shifts from Falcon 9 to Starship. Watch for updates on the 2028 Artemis lunar landing, as SpaceX is over a year behind schedule.