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SpaceX shares drop $400 billion in one day

Elon Musk's SpaceX shares lost $400 billion in value in one day. Stock price fell to $154.6.

Alexander Gonzalez
ByAlexander Gonzalez- Senior Editor
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Shares of Elon Musk's SpaceX plummeted $400 billion in market value in a single day.

On June 22, the company's stock fell 16.43%, dropping from $185 to $154.6 per share.

The decline brought SpaceX's total market capitalization from $2.437 trillion down to $2.037 trillion.

SpaceX had just gone public on June 12, with the largest IPO in history.

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SpaceX shares drop $400 billion in one day | Bond.az