SpaceX Shares Fall to $111 on July 23, Down 51% from June Peak; Musk's Net Worth Drops $35.2B

According to market data from Tradingview and Forbes, SpaceX shares fell to $111 on July 23, representing a 51% decline from their June 16 intraday peak of $225.64. The drop reduced the company's market capitalization to approximately $1.5 trillion. Elon Musk's net worth declined by $35.2 billion on the day, as both SpaceX and Tesla fell simultaneously. Tesla traded near $322 Thursday morning, down roughly 14% from its previous close.

As many as 911.5 million restricted shares could become eligible for sale on August 6, following SpaceX's first quarterly earnings report scheduled for after market close on August 4. At Thursday's price, that potential supply would be worth more than $100 billion. SpaceX is scheduled to launch Starship's 13th test flight Thursday evening after aborting the previous attempt on July 16 due to engine ignition failures.