SpaceX loses a trillion after aborted launch

Despite a brief surge in valuation, the company’s stock has plummeted below its starting price, resulting in a staggering market value loss of approximately $1 trillion. This financial decline has been exacerbated by technical setbacks, specifically the aborted launch of the Starship V3 rocket after several engines failed to ignite. Consequently, Elon Musk’s personal wealth has dropped by hundreds of billions, removing him from trillionaire status. Observers point to these mechanical failures and Musk’s controversial social media presence as key factors fueling investor anxiety. Future stability remains uncertain as a looming stock lockup expiration threatens to further saturate the market with tradable shares.