SpaceX Trades 20% Below IPO Price; More Than $1.2 Trillion in Market Value Lost From Peak
Minseung Kang
Summary
- SpaceX shares were reported to have fallen 20% from their IPO price.
- The decline in market capitalization from the peak exceeded $1.2 trillion.
- BlockBeats reported that SpaceX (SPCX) was trading 20% below its IPO price.
Forecast Trend Report by Period
SpaceX shares are trading 20% below their initial public offering price, according to a report. The company's market value has fallen by more than $1.2 trillion from its peak.
BlockBeats, a cryptocurrency-focused media outlet, reported on July 28 that SpaceX (SPCX) was trading 20% below its IPO price.
The stock's decline has wiped out more than $1.2 trillion in market capitalization from its high.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.