SpaceX shares dip below $150 as market value falls near $1.8 trillion

SpaceX’s share price fell below $150 for the first time since its IPO, briefly reaching $149 before climbing back to $156. The decline erased roughly $1 trillion of market value, leaving the firm valued at about $1.8 trillion and dropping it to seventh place among global companies, overtaking Broadcom.

Elon Musk’s personal fortune was barely dented by the move, with an estimated loss of $41.7 billion, while broader US tech stocks slipped amid investor nervousness ahead of Micron Technology’s upcoming earnings report.