SpaceX market value falls by more than $1.2 trillion from June peak

SpaceX has lost more than $1.2 trillion in market capitalization since reaching a June high, a drop that is roughly equal to the value of Tesla. The stock fell again on Monday, closing at $113.50 after declining in 13 of the last 16 sessions. The report said trading in SpaceX options remained active, with more puts than calls by volume but several of the largest trades leaning neutral to bullish. Some traders were still betting on a rebound, even as the stock continued to weaken. The article also pointed to the company’s upcoming first earnings report since its initial public offering. That release will open a lockup period that allows some investors to sell part of their shares, a development that could add pressure to the stock depending on how trading conditions unfold.