SpaceX loses $1 trillion in market value
SpaceX's IPO was priced at $135 on June 11, 2026, and shares hit a peak of $225.64 on June 16, briefly valuing the company above $2 trillion.
The stock has since lost nearly $1 trillion in market value over five weeks, dropping 21% in seven consecutive sessions to $119, before recovering to $123.54.
Over 80% of analysts tracked by Bloomberg recommend buying SpaceX stock, viewing recent declines as buying opportunities.
Elon Musk insists that if goals are met, SpaceX 'will be worth more than Earth,' despite the 40% drop from its peak.
Macquarie analysts reiterated an 'outperform' rating and said the recent decline offered a good buying opportunity, though retail investors who bought at the IPO price are down 10%.
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