SMH
·australia
·2 hours ago
Is SpaceX a meme stock? Elon Musk loses trillionaire status
Elon Musk's SpaceX faced a sharp decline in stock value, dipping below its IPO price after peaking at $US2.5 trillion last month. Investors are now worried as the company reported a $US13 billion loss since 2023. Musk’s ambitious plans and controversial persona add to the uncertainty surrounding the firm’s future prospects.
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Published 16 Jul 2026, 06:02 UTC · Updated 16 Jul 2026, 06:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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