SpaceX Stock Closes Lower for the Seventh Straight Trading Session
Dow Jones04:58
Shares of Elon Musk's SpaceX suffered their seventh straight day of declines, falling 3.3% to $119.85.
SpaceX, whose stock is now well below its $135 offering price from June, on Monday dropped below Meta Platforms to become the eighth-largest U.S. company by market value. At day's end, the market caps were:
-- $1.64 trillion for Meta
-- $1.59 trillion for SpaceX
SpaceX has now lost $1.09 trillion in market cap from its June 16 peak, when its market cap was $2.68 trillion.
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