SpaceX Slides 20% Below IPO Price as $1.2T in Value Wiped from Peak

SpaceX shares continued their sharp decline as investors pulled back from high-growth technology stocks amid rising valuation concerns and broader market uncertainty.

Key points:

• SpaceX shares have fallen 20% below their IPO price.
• The stock dropped more than 5% in early trading, hovering around $107.
• The company's market value has declined by approximately $1.2 trillion from its June 16 peak, marking one of the largest value drawdowns on record.
• Investors remain cautious over AI-driven valuation concerns, geopolitical uncertainty, and weaker risk appetite.
• Markets are also watching the Aug. 6 lock up expiration, when roughly 911.5 million shares worth about $116 billion become eligible for trading.

The sell off highlights how quickly sentiment can shift for high growth companies, with investors now focusing on valuation, liquidity, and upcoming share unlocks rather than long term growth narratives
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