SpaceX (SPAC) Market Cap Drops Over $500 Billion Since IPO

Since its IPO on June 12, 2026, SpaceX (SPAC) has lost over $500 billion in market capitalization, reflecting a significant decline in value. The stock has dropped more than 50% from its intraday high and is facing its fourth consecutive weekly loss. Currently, SpaceX's market cap sits at $1.4 trillion, and the company has a price-to-sales ratio in the 70s while burning billions each quarter. Investors are also concerned about potential new shares hitting the market soon, as rolling lock-up restrictions begin to expire. This situation affects retail investors and impacts wider market sentiment around high-profile IPOs.