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SpaceX Loses Value Equivalent to One Tesla

As of the market close on July 28, SpaceX's stock price reached a new post-IPO closing low of $113.50 after recording its 13th decline in the past 16 trading days. Since hitting a high of $225.64 in June, SpaceX's market value has evaporated by over $1.2 trillion, a figure that nearly matches the current market value of Tesla, another company owned by Elon Musk, which has just fallen to a nearly one-year low.

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