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SpaceX has erased over $1.2 trillion in market cap since June peak
SpaceX shares peaked at $225.64 in June before declining enough to remove more than $1.2 trillion in market capitalization, according to CNBC Markets.
CNBC Markets reports that Elon Musk's space company, SpaceX, has wiped off more than $1.2 trillion in market capitalization since it reached a high of $225.64 per share in June.
The outlet points to the drawdown from that June peak as the driver of the total market value decline, highlighting how sharply the valuation has contracted.
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