The value of SpaceX shares dropped by $400 billion in a day

The market value of Elon Musk’s SpaceX space company has fallen by $400 billion per day, according to trading data.
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At the end of Monday’s trading, the company’s share price fell by 16.43% to $154.6 from $185 at the previous close.

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Thus, the capitalization of the company decreased by $400 billion to $ 2.037 trillion from $2.437 trillion.
SpaceX went public on June 12, and the company’s initial public offering (IPO) became a record.

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SpaceX is an American company that manufactures space technology. It was founded by Musk in 2002. In February 2026, it was merged with another company of Mask, xAI, engaged in developments in the field of artificial intelligence.