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SpaceX Stock Plunges 5% to $107.80, Erases $1.2 Trillion in Market Value on July 28

2026-07-28 14:04:35

SPCX-0.97%

On Tuesday (July 28), SpaceX stock plunged 5% to $107.80, wiping out over $1.2 trillion in market value and falling more than 20% below its IPO price and 47% from its June 16 peak. The decline reflects investor withdrawal from high-risk tech stocks amid geopolitical tensions and concerns over AI capital expenditure sustainability. Stock unlock pressure intensifies the selloff, with approximately 30% of floating shares currently short, according to S3 Partners data.

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