On June 23, the Financial Times disclosed that SpaceX's market valuation took a nosedive, plummeting by a staggering $400 billion on Monday. This rocket and AI behemoth, which had made waves with its groundbreaking Wall Street debut, once again found itself grappling with intense stock price fluctuations. By the close of Monday's trading session, SpaceX's stock price had tumbled by 16.4%, settling at $154.60. This represented a significant 31.5% drop from its zenith following the Initial Public Offering (IPO) on June 11, which had been priced at $135 per share.
