SpaceX loses ₹96.29 lakh cr in value as shares dip below IPO price

Elon Musk-owned SpaceX lost over $1 trillion (₹96.29 lakh crore) in market value as its shares fell below the $135 IPO price to $124 on July 17. The stock had surged to $225.64 shortly after listing before reversing course. Investor sentiment weakened after the company aborted the T-0 ignition sequence for Starship Flight 13, fuelling concerns about its near-term outlook.