SpaceX Stock Loses $1 Trillion in a Month
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- SpaceX stock fell to a new low, erasing roughly $1 trillion in market value within a single month
- Short sellers pocketed $8.7 billion in profits as SpaceX shares dipped back to their IPO price, per Reuters
Why it matters: The $1 trillion one-month wipeout in SpaceX—tied to an aborted Starship launch—delivered an $8.7 billion windfall to short sellers and pushed Elon Musk's net worth below $800 billion, a sharp reversal for a company that briefly traded above its IPO price weeks earlier.
