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Financial Times
SpaceX sell-off wipes $1tn from Elon Musk’s rocket group
SpaceX's shares have dropped significantly since their peak, resulting in a $1 trillion decline in Elon Musk's company's market capitalization. After hitting highs of $225, the share price fell below the IPO listing price of $135. This decline coincides with rising challenges in the tech sector, particularly concerning profitability and interest rates. Despite this slump, analysts remain optimistic about SpaceX's future, especially regarding projected AI revenue growth.
MonitorConfidence: HighShort term horizon
Published 15 Jul 2026, 18:40 UTC3 min read
Visit original article ↗Lead image — Financial Times
Summary
TL;DR
- SpaceX shares fell 40% from peak value.
- Musk's stake value dropped from $1.2 trillion to $760 billion.
- Concerns about higher interest rates impacting tech stocks.
- Goldman Sachs predicts a 100-fold increase in AI revenue by 2030.
- SpaceX was recently added to the Nasdaq 100 index.
Interesting facts
- The over $1 trillion loss is attributed to a significant drop in stock prices post-IPO.
- SpaceX raised $25 billion in debt three weeks prior to the stock decline.
- Investors expect a large release of shares after the first quarterly earnings report.