What Happened
Rocket Company Loses $1 Trillion In Value Amid Launch Delays
SpaceX’s stock has fallen below its initial public offering price, with the company losing approximately $1 trillion in market value over the past month. The decline comes after the company called off its first Starship launch since going public due to engine issues. SpaceX’s future plans, including its Starlink satellite program and NASA’s Artemis mission, may be impacted by the current stock performance. The news was first reported by Business Insider.