SpaceX heading to lose a trillion dollars in value as stock falls

Bloomberg

Friday, July 17, 2026 19:4 |1 minute read

Shares of SpaceX fell on Friday, bringing the giant rocket and artificial intelligence company closer to losing over a trillion dollars in market value compared to its all-time high.

The stock fell up to 4.6% to $125.13 after the start of U.S. trading, bringing the company's total value to $1.65 trillion.

The company's market value had reached $2.64 trillion at the close on June 16, the third session of trading its stock.

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Shares of Elon Musk's company, officially known as Space Exploration Technologies Corp, initially rose after executing the largest initial public offering in history, but have since lost their gains and are trading below the offering price of $135.

Friday's decline came after the company halted the launch of its Starship rocket due to an engine issue, and said it would try again in a few days.

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SpaceX joined the Nasdaq 100 index earlier this month, and received a series of optimistic ratings from analysts. The average 12-month price target for the stock is $235.34.

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