SpaceX (SPCX) Stock Falls 27% in July, Market Cap $1.52 Trillion

Space Exploration Technologies Corp. (SPCX) stock has dropped 3.3% to $119.85, falling for the seventh consecutive session. Since its June 16 peak of $2.68 trillion, the company's market cap has decreased by $1.16 trillion to $1.52 trillion. In July alone, the stock has fallen approximately 27%. The decline followed the last-minute abortion of its Starship rocket test flight, which erased about $100 billion in market value. This selloff highlights significant short-selling activity, with bearish bets increasing from 40 million to around 185 million shares, representing about 29% of SpaceX's tradable float.