SpaceX Market Value Falls $1 Trillion in One Month, Drops to 8th in U.S. Ranking on July 20

SPCX6.53%
According to Investing.com, SpaceX's market capitalization fell over $1 trillion on July 20, causing the company to drop from the 5th to 8th position in U.S. market cap rankings. The stock price declined 3.34% to close at $119.85. The decline is attributed to delays in Starship test flights, which have weakened growth expectations.
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