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International Business Times
International Business Times
Business

SpaceX's Stock Keeps Falling Amid The Nasdaq's Rout. It Has Already Wiped $1 Trillion In Value

SpaceX X Elon Musk
SpaceX's continued rout has wiped over $1 trillion in market value. (Credit: Getty Images)

SpaceX's continued rout has wiped over $1 trillion in market value. The company's shares fell 2.70% at 10:31 a.m. ET, pairing earlier losses. However, it has fallen about 20% below its IPO price and more than $100 since its high of $225.64.

Short sellers have continued to increase their bearish wagers against the company over the past weeks.

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