As investors seek to avoid risks and lose confidence in high-risk technology companies, SpaceX (SPCX.US) shares have fallen 20% from their IPO price. On Tuesday, Space fell more than 5% in early trading to about $107, continuing the sharp decline from highs in the days following last month’s IPO. The market value has evaporated by $1.2 trillion from its June 16 peak, marking one of the largest market value drops in history. Recently, complex geopolitical tensions and concerns about supply-deman

Due to investors seeking safe havens and losing confidence in high-risk technology companies, SpaceX (SPCX.US) has seen its share price drop by 20% compared to its IPO price. In early trading on Tuesday, SpaceX fell more than 5%, trading at around $107, continuing the significant decline from its post-IPO highs last month. Its market value has evaporated by $1.2 trillion compared to the peak on June 16, setting one of the largest market value losses in history. Recently, complex geopolitical situations and concerns about inflated supply and valuations driven by huge spending in the AI ecosystem have taken a heavy toll on many large companies in the sector. SpaceX investors are also watching the potential impact of the August 6th expiration of lock-up restrictions on 911.5 million shares worth $116 billion.