EL7.AI
StocksUpdated×2•Originally published 13 July 2026•Updated 13 July 2026•
1 min read

SpaceX Wipes Out $800 Billion in Market Value Amid Historic Selloff

Key Facts

1SpaceX shares slipped for a second straight trading day, moving closer toward its $135 IPO price.
2The stock has fallen below its June 12 debut price of $150.

In one of the most significant valuation collapses in the tech sector, SpaceX has shed more than $800 billion in market value in less than a month. This massive wipeout follows a retreat from the company's peak market capitalization of $2.67 trillion, signaling a dramatic shift in investor appetite for high-growth space ventures amid tightening economic conditions.

The selloff has reverberated across the industry, with peers like AST SpaceMobile and Rocket Lab falling 5% and 4% respectively per market data. Analysts suggest the $800 billion erosion, which dragged the stock to $138.58, is fueled by a combination of surging energy-driven operational costs and heightened competition from Chinese aerospace milestones (per industry reports).

Currently, SPCX is trading near historic lows (as of July 13, 2026), with the $135 IPO price serving as the critical technical floor. Investors will be watching for signs of valuation stabilization in the coming sessions, particularly as upcoming macroeconomic data releases could influence the cost of capital for capital-intensive aerospace firms.