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SpaceX market value falls after Starship launch delay

17 July 2026 · in 80 words

SpaceX market value falls after Starship launch delay

SpaceX shares have fallen below their initial public offering price for the first time since the company went public. The firm called off its Starship rocket launch on Thursday, with CEO Elon Musk saying some engines didn't start. The company's market value has fallen by approximately $1 trillion since its peak on June 16.

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