Spacex Loses $1.2 Trillion in Market Cap, Equaling Tesla's Value
Since reaching a peak in June, SpaceX's market capitalization has plummeted by more than $1.2 trillion, a decrease that mirrors Tesla's entire current market value. Next week, the company will publish its inaugural earnings report as a publicly traded entity.
Key facts
- SpaceX market cap dropped more than $1.2 trillion from June high
- Decline equals Tesla's total current market value
- First public earnings report due next week
Entities
Institutions
- SpaceX
- Tesla
Sources
- Quartz —