IPO Price Breaks Down... SpaceX Loses $1.5 Trillion in Market Value Just One Month After Listing

Share Price Falls to $122.12 on the 17th
Drops Below IPO Offering Price of $135

The market capitalization of SpaceX, the American aerospace and artificial intelligence (AI) company led by Elon Musk, has dropped by $1 trillion (approximately 1,492 trillion won) in just over a month.

On July 17 (local time), Bloomberg News reported that SpaceX's share price fell to $122.12, reducing its market capitalization to $1.61 trillion. This represents a decrease of about $1 trillion compared to the all-time high of $2.64 trillion set by SpaceX on June 16.

Last month, SpaceX drew attention with the world’s largest initial public offering (IPO). After oversubscription, the share price rose rapidly following the listing on strong investor expectations, but as a series of negative developments emerged recently, the price dropped below the IPO offering price of $135.

In particular, the sudden halt of the 13th test flight of Starship, SpaceX's next-generation flagship spacecraft, the day before, contributed to the share price decline.

Starship is SpaceX’s super-heavy launch vehicle standing 124 meters tall, capable of carrying more cargo and satellites than the previous Falcon 9, making it a crucial element in SpaceX’s future growth. SpaceX has invested $15 billion solely in the development of Starship.

Jo Gilbert, manager at Integrity Asset Management, explained, "Investors are taking risk-averse positions and optimism is gradually fading, prompting a reassessment of the company's valuation."

This content was produced with the assistance of AI translation services.