SpaceX Stock Crashes to New Low, Losing $1 Trillion After Starship Launch Abort

SpaceX stock drops to a new low and loses $1T in value in a month

SpaceX's post-IPO honeymoon ended abruptly as the company lost $1 trillion in market value within a month. Shares fell below the $135 IPO price following a scrapped Starship launch caused by engine failures. With looming lockup expirations allowing early investors to sell, the stock continues its steep decline, leaving recent buyers underwater despite the company's historic $85 billion debut.

"SpaceX's IPO honeymoon seems to be over."