SpaceX shares fell 5% to $123.82 Friday, extending a 45% decline from a June peak that wiped $1T in value.
SpaceX (SPCX) shares declined 5% to $123.82 on Friday, deepening a sell-off that has erased approximately $1T in market value since the stock’s mid-June peak. The drop marks a 45% retreat from its June 16 intraday high of $225.64.
The pullback follows a post-IPO rally that saw SpaceX shares surge to record levels earlier this year. Analysts had previously flagged elevated valuations amid broader market volatility, though no single catalyst for the decline was cited in the release.
Trading volume remained elevated as investors assessed the impact of the valuation reset on the aerospace sector.