SpaceX stock is down more than 50% from its peak.

SpaceX has lost over $1.2 trillion in market capitalization since June, mirroring the current valuation of Elon Musk's other company, Tesla, amid continued stock declines.

SpaceX shares dropped 20% from post-IPO highs as investors retreat from risky tech. Tesla fell 18% in sympathy. What it means for tokenized