SpaceX Sheds $1 Trillion in Value Since June Peak, Starship Launch Aborted
SPCX is trading near its 52-week low of $122.12 (1.3% above the low) on light trading volume (0.3× avg).
Summary
SpaceX's market cap has collapsed to about $1.6 trillion, down more than $1 trillion from its June 16 peak of nearly $2.7 trillion. The stock fell another 6% Friday morning, extending a month-long slide that accelerated this week. The selloff follows the scrubbed Starship test launch on Thursday, which aborted at ignition—a stark reminder of the technical hurdles facing the company's ambitious space and AI convergence goals. This is the first major setback since the record $86 billion IPO in June, and the stock is now trading near its 52-week low. The failed launch raises fresh doubts about the timeline for Starship's operational readiness, a key pillar of the bull case that drove the IPO euphoria.
At the time of this announcement, SPCX was trading at $123.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.6T. The 52-week trading range was $122.12 to $225.64. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.