The remarkable breakdown in Space Exploration stock SpaceX since it hit a high is costing Elon Musk a breathtaking fortune.

Stock falls below its listing price - and will face serious new competition within months.

The stock stands 40% below a peak attained after its IPO last month.

The remarkable breakdown in Space Exploration stock SpaceX since it hit a high is costing Elon Musk a breathtaking fortune.

SpaceX's market cap has lost about $1 trillion in value since its June 16 peak and hit a new low since its record-breaking IPO.

Elon Musk's net worth fell from $1.32 trillion to $832 billion in a month as SpaceX shares dropped 41%, erasing over $1 trillion in market cap.

SpaceX stock crashes 40% to $81, well below its $135 IPO price, after briefly hitting $225. The company's 18,712 BTC treasury adds a crypto dimension to the