SpaceX stock drops to a new low and loses $1 trillion in value in a month - Business Insider
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- SpaceX stock dropped to a new low, erasing roughly $1 trillion in market value within a single month.
- SpaceX shares fell under their IPO price as a lockup expiry period approached.
Why it matters: SpaceX has shed roughly $1 trillion in market value in one month, and the stock is now trading below its IPO price ahead of an imminent lockup expiry. Pre-IPO institutional buyers are sitting on paper losses right as the first wave of freed-up insider shares is set to trade against this weakened backdrop.
