SpaceX Has Lost $1 Trillion in Value Since Its Post-IPO Peak
THE SO WHAT
A $1 trillion swing in SpaceX’s implied value underscores how volatile private-market narratives around deep tech can be, even when underlying launch cadence and Starlink growth are long-horizon stories. If you’re raising into capital-intensive hardware, assume your paper valuation will be a poor proxy for financing resilience when the cycle turns.
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