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Elon Musk suffered the largest personal wealth decline ever recorded after sharp declines in SpaceX and Tesla shares erased $363 billion from his fortune in July.
SpaceX shares fell to a new all-time low of $110 as the post-IPO selloff continued, leaving the stock nearly 50% below its peak despite growing buying interest from ETFs.
SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below their $135 IPO price.
SpaceX shares fell below $140 for the first time since the company’s IPO, reaching a new post-listing low after giving up most of their early trading gains.
SpaceX has lost more than $1.05 trillion in market value over the past 22 days as shares fell 36% from their recent peak.
Elon Musk’s xAI has officially rebranded as SpaceXAI after merging with SpaceX, with the new name and logo announced on X.
SpaceX officially joins the Nasdaq-100 today, a move expected to trigger billions of dollars in passive buying from ETFs and index funds tracking the benchmark.
SpaceX lost $178 billion in market value after shares fell nearly 10%, bringing total losses from the recent peak to about $895 billion.
Ark Invest purchased 45,728 shares of SpaceX, adding to its exposure to one of the world’s fastest-growing technology companies.
SpaceX shares climbed 12% over the past two sessions as investors bought the dip following the company’s sharp post-IPO correction.
SpaceX plans to launch a direct-to-consumer Starlink mobile service in the United States, expanding beyond satellite broadband into the highly competitive wireless market.
Elon Musk reportedly lost more than $350 billion in a single day as SpaceX shares fell below their opening-day trading price.
SpaceX signed a $6.3 billion AI computing agreement with Reflection AI, adding another major customer to its growing infrastructure business.
SpaceX launched its first major bond offering after its record IPO, despite holding more than $100 billion in cash.
SpaceX shares dropped another 10%, extending their decline to a third consecutive session after a historic post-IPO rally.