SpaceX shares slump: valuation down $1.2T+, stock hits new lows ahead of Aug. 6 lock-up expiry
SpaceX’s listed shares slid to new all-time lows and erased roughly $1.2 trillion in market value since its record IPO, falling about 20% below the IPO price. The selloff intensified as investors priced in risk ahead of an Aug. 6 lock-up expiration releasing up to 911.5 million shares.