SpaceX stock fell as low as $132.15 per share on Wednesday, which is below its IPO price of $135. On 12th June, the stock made its historic debut on the Nasdaq at $150 per share before hitting a record high of $225.64 a few days later, which was followed by a sustained decline.
During its market debut, SpaceX had a market capitalisation of $2.1 trillion. Today, the rocket company's market cap stood at $1.78 trillion, implying a valuation loss of $320 billion in the past 34 days, or about $1 billion per day.
