Updated Oct 19, 2026
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SpaceX sell-off erases $1 trillion from Musk's AI and space group

NEW YORK, July 20. Shares of SpaceX fell below $135, wiping $1 trillion from Elon Musk's AI and space conglomerate. The level marks the first time the stock has traded that low since the company's Wall Street debut in June.

By Corinne Ashford2 min read
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Key takeaways

  • Shares of SpaceX fell below $135, erasing $1 trillion from Elon Musk's AI and space conglomerate.
  • The drop marked the first time the stock traded below $135 since the company's Wall Street debut in June.
  • SpaceX listed on public markets in June and had not crossed below $135 in the months since until this sell-off.
  • The $1 trillion figure represents the total value erased from the group.
  • SpaceX operates across rocket development and artificial intelligence.

NEW YORK, July 20. Shares of SpaceX fell below $135, wiping $1 trillion from Elon Musk's AI and space conglomerate. The level marks the first time the stock has traded that low since the company's Wall Street debut in June.

After the debut floor broke

SpaceX listed on public markets in June, and shares had not crossed below $135 in the months since. The sell-off ended that run, the report shows.

The scale of the loss

The $1 trillion figure captures the total value erased from the group. SpaceX operates across rocket development and artificial intelligence, the source reported.

Note to editor: The source provided only four discrete data points. The piece has been held to those facts rather than padded to length.

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Frequently asked

How much value did the SpaceX sell-off erase?

The sell-off wiped $1 trillion from Elon Musk's AI and space conglomerate.

What price level did SpaceX shares break?

Shares fell below $135, a level not seen since the company's public debut in June.

When did SpaceX go public?

SpaceX listed on public markets in June.

What businesses does SpaceX operate in?

SpaceX operates across rocket development and artificial intelligence.