SpaceX (SPACE) Market Cap Falls by $1.2 Trillion Before Earnings

SpaceX's stock has decreased by over $1.2 trillion in market capitalization since June, equivalent to Tesla's entire market value. The stock ended at $113.50, declining more than 1% on Monday and an additional 3% in Tuesday's premarket. SpaceX will report its second-quarter 2026 results on August 4, which may lead to insiders selling up to 20% of their restricted shares starting August 6. SpaceX has also dropped below its IPO price of $135 for the first time, now reflecting a substantial pullback in tech stock valuations, impacting investor sentiment.