SpaceX stock wipes out $1.2 trillion in a month

SpaceX has shed roughly $1.2 trillion in market value within a month after its IPO, as a sharp selloff erased much of the initial post-listing rally. The reversal suggests a rapid deterioration in investor sentiment toward the stock shortly after debut.

Analysis

SpaceX has shed roughly $1.2 trillion in market value within a month after its IPO, as a sharp selloff erased much of the initial post-listing rally. The reversal suggests a rapid deterioration in investor sentiment toward the stock shortly after debut.