The stock dropped below its IPO price as an engine issue forced a Starship launch abort, with the decline erasing more than $1 trillion in market value since June.
SpaceX shares fell 4.6% on Friday, deepening a broader selloff that has wiped out more than $1 trillion in market value since June. The stock is now trading below its IPO price after a Starship launch was aborted because of an engine issue. The move ties the company’s share decline to a high-profile operational setback, underscoring how launch delays can weigh on investor sentiment even when they do not alter a company’s longer-term plans.