At $150, SpaceX stock is up only 11% from its IPO price of $135. At one point last week, its market cap topped over $2.5 trillion. Now it hovers just above $2 trillion.
SpaceX stock is down around 2% in early trade on Wednesday.
The rocky post-IPO trading, as well as recent weakness in Tesla stock, has also hit CEO Elon Musk’s wealth.
The mercurial Musk was the first person to top $1 trillion in wealth following SpaceX’s IPO, but his total net worth on paper has slipped slightly. Bloomberg’s Billionaires Index now lists Musk’s wealth at $957.1 billion, a drop of nearly $360 billion from the high of $1.315 trillion hit in the days after SpaceX’s IPO and market debut.
Despite the recent drop, Musk is still worth more than Larry Page, Sergey Brin, and Jeff Bezos combined.
