SpaceX Falls 20% Below IPO Price, Erasing $1.2 Trillion Value - Yahoo Finance
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- SpaceX fell 20% below its IPO price, erasing $1.2 trillion in market value, per Yahoo Finance.
- SpaceX stock rebounded after the brief plunge but was poised for another all-time low on Tuesday, with cumulative losses equivalent to a full Tesla in market capitalization, per Bloomberg.
Why it matters: SpaceX has now lost the equivalent of Tesla's entire market capitalization — a staggering reversal for a company that was a private-market darling months ago. Early IPO buyers are sitting on steep paper losses as the stock teetered near fresh lows.
