SpaceX’s Market Cap Plunge: A Trillion‑Dollar Decline

SpaceX has seen its once‑dominant market value shrink by $1 trillion, slipping below Meta on the market‑cap leaderboard.

Shockwave Through Market Capitalisation

■A loss of $1 trillion erased the company’s peak valuation in a single swoop.

■Following Meta, SpaceX now ranks third in market‑cap rankings.

■The decline translates to roughly a 30% drop.

Investors’ Sentiment Amid the Slide

■Institutional investors are trimming exposure amid rising risk premiums and cash‑flow uncertainty.

■Private‑equity funds are closely monitoring SpaceX’s rocket development spend.

■Public‑traded tech stocks exhibit low volatility as the SpaceX correction ripples through the sector.

Core Drivers of the Downturn

■Starship program delays and cost overruns.

■A 15% dip in demand for space tourism.

■Intensifying competition from Blue Origin and Rocket Lab, which are expanding their market footprints.

Ahmet Arslan: SpaceX’s market price is misaligned with its long‑term cash‑flow projections. Our DCF model suggests an intrinsic value around $50 billion, far below current trading levels. A cautious stance and valuation correction are likely to push the share price lower in the near term. However, a successful Starship launch and a revival in space‑tourism demand could pave the way for a recovery scenario.