SpaceX Falls Below IPO Price, Loses $1 Trillion in Market Cap One Month After Listing

SPCX-5.43%
One month after its initial public offering, SpaceX has lost $1 trillion in market capitalization, with its stock price falling below the IPO offering price. The sharp decline has been attributed to a major setback involving the company's next-generation Starship, whose test flights have been suspended. The drop marks a stark reversal from the euphoria that surrounded the highly anticipated listing, with some in the market citing profit-taking pressure alongside concerns over valuation.
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