SpaceX stock loses $1.2 trillion in market cap, falling to half its June peak

SpaceX shares erased one-fifth of their value since the record setting debut of Elon Musk’s rocket, satellite and artificial intelligence company, as investors shunned riskier technology firms.

• SpaceX Falls 20% Below IPO Price, Erasing $1.2 Trillion Value
• SpaceX stock has shed $1.2 trillion in market cap — roughly equal to all of Tesla