• Why is SPCX stock trading lower?SpaceX stock was down 16.43% to $154.60 on Monday, which continues a multi-day decline for the popular space company.With the latest drop, SpaceX has shed over $400 billion in valuation and fallen to the seventh most valuable company in the world with a market capitalization of around $2.04 trillion.The $400.8 billion decline in value on Monday is the second-largest one-day value decline for a U.S. company, according to Marketwatch.
Palantir: $286.5 billion
Robinhood: $95.2 billion
Other: $19.1 billion
Total: $400.8 billion
