SpaceX Stock Falls to $113.50, Market Value Down Over $1.2 Trillion Since June Peak

According to CNBC, SpaceX stock fell to $113.50 on July 28, declining more than 1% and marking its 13th drop in 16 consecutive trading days. The company's market value has shed over $1.2 trillion since its June peak of $225.64.

Approximately 911.5 million shares of restricted stock will begin unlocking on August 6, representing about 20% of total shares outstanding. Traders expect the lock-up expiration will not provide stock price support, though the impact may not be as severe as some market participants fear.