SpaceX Market Value Drops $900 Billion From June Peak; Musk Net Worth Falls $350 Billion
By
Ty Roush
4h ago· 2 min readenNews
Summary
SpaceX's market value has dropped approximately $900 billion from its June 16 peak of about $2.99 trillion to around $2 trillion, causing Elon Musk's net worth to plummet by $350 billion. The company briefly ranked as the fourth-largest company globally by market capitalization, ahead of Amazon and Microsoft, but now sits seventh behind TSMC. Additionally, SpaceX signed a computing agreement with AI startup Reflection AI potentially valued at $6.3 billion, with Reflection AI paying $150 million per month starting July.
Source
bskySpaceX Market Value Drops $900 Billion From June Peak; Musk Net Worth Falls $350 Billionforbes.comKey quotes
· 5 pulledSpaceX's market value has decreased since its June 16 peak of about $2.99 trillion, falling to around $2 trillion on Monday.
The company briefly ranked ahead of Amazon and Microsoft as the fourth-largest company in the world by market capitalization.
SpaceX now ranks seventh, directly behind TSMC ($2.42 trillion).
SpaceX signed a computing agreement with AI startup Reflection AI that could be valued at $6.3 billion, CNBC reported Monday.
Reflection AI will pay SpaceX $150 million per month from July
A selloff for Musk’s rocket maker wiped out roughly $900 billion in market value.
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