Arvelisse Bonilla Ramos and Matthew GriffinJul 18, 2026 – 3.45amSpaceX shares tumbled on Friday, putting the rocket and artificial intelligence giant on track to wipe out more than $US1 trillion ($1.4 trillion) in market value from its all-time high.The stock pared losses after falling as much as 6.9 per cent to $US122.12 per share, giving the company a market value of $US1.61 trillion. The value stood at $US2.64 trillion at the close on June 16, its third day of trading.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles