SpaceX Shares Fall 26 Percent After IPO, Stripping Musk of Trillionaire Status

The July 9 decline followed the company's public debut and arrived alongside renewed talk of a Tesla combination driven by overlapping AI plans.

SpaceX shares dropped 26 percent on July 9, ending Elon Musk's brief period as a trillionaire. The move left open questions about how investors will allocate capital between the two companies he controls.

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