SpaceX share price falls below IPO level for the first time since listing

The stock of SpaceX, owned by Elon Musk, dropped below its initial offering price of $135 for the first time since its market listing, declining by approximately 41% from its highest level after going public. Meanwhile, Musk's wealth has fallen below one trillion dollars, reaching around $861 billion by the third quarter of July 2026. This decrease comes amid a general decline in investor engagement with the company, due to market uncertainty and doubts about its ability to deliver sustainable financial results for its ambitious projects.

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