Weeks after SpaceX record-breaking IPO, Elon Musk’s space company loses $1 trillion in market value as …

Five weeks after its record-breaking initial public offering (IPO), Elon Musk’s SpaceX has lost about $1 trillion in market value from its post-IPO peak as its stock continues to slide. According to a Business Insider report, the decline comes after the company called off its first Starship launch since going public, adding to investor concerns. Shares have also come under pressure ahead of upcoming lock-up expirations that will allow employees and early investors to sell shares.

SpaceX stock falls below IPO price