SpaceX's stock price fell sharply by 5.4% on Friday, closing at $123.99 per share, with its market value dropping to $1.63 trillion, evaporating over $1 trillion from its historic high of $2.64 trillion on June 16. The stock price has now fallen below the IPO issue price of $135. This decline occurred after SpaceX canceled the launch of its Starship rocket due to engine issues.
