Spacex's Setback Weighs Heavily on Tesla's Stock Performance
WHO:
Forbes - Elon Musk's net worth has declined to $695.7 billion.
The Washington Post - Elon Musk is the CEO of SpaceX and Tesla.
Drudge Report - Elon Musk is associated with both SpaceX and Tesla.
WHAT:
CNBC - SpaceX has erased more than $1.2 trillion in market capitalization since its high price of $225.64 in June.
CNBC - SpaceX shares fell to $113.50, marking the 13th decline in 16 sessions.
CNBC - SpaceX's first earnings report since its initial public offering is scheduled for August 6, allowing investors to sell up to 911.5 million shares on the second full trading day following the report.
Forbes - SpaceX shares dropped 4.8% to around $109.50, extending a 50% plunge since June 16.
Forbes - Musk's net worth was cut by $29.5 billion due to the decline in SpaceX shares.
Forbes - Musk referred to himself as a “former” trillionaire.
The Washington Post - SpaceX had a record-setting IPO.
The Washington Post - SpaceX's stock reached an all-time high of more than $225 per share.
Drudge Report - Tesla's stock performance was negatively impacted by SpaceX's recent setbacks.
WHERE:
The Washington Post - The events are related to companies overseen by Elon Musk, primarily in the United States.
WHEN:
Forbes - Musk's net worth last ended a trading session below $700 billion on December 18, 2025.
The Washington Post - The IPO and stock performance events occurred recently, but no specific future dates were mentioned.
WHY:
Forbes - Analysts expressed caution regarding SpaceX's stock value ahead of the Starship test launch.
The Washington Post - The downturn in SpaceX's performance is suggested to have affected investor confidence in Tesla.
HOW:
CNBC - Traders bought 106,000 calls compared to 77,000 puts on a recent trading day, with the majority of the $442 million in premium tied to puts.
Forbes - Morgan Stanley analysts noted that if SpaceX shares fall below $100, it would imply no value in the rocket maker’s AI business.
The Washington Post - The article implies that the performance of SpaceX directly influences Tesla's stock through investor sentiment.
(UPDATED July 28, 2026 01:28 UTC)
SpaceX has seen a staggering drop of more than $1.2 trillion in market capitalization since its peak price of $225.64 in June, with shares now falling to $113.50 after experiencing the 13th decline in just 16 sessions. Traders recently bought 106,000 calls compared to 77,000 puts, indicating a significant interest in the stock, although most of the $442 million in premium was tied to puts. Investors will be closely watching SpaceX's first earnings report since its initial public offering, set for August 6, which will allow for the sale of up to 911.5 million shares on the second full trading day following the report.
--
(UPDATED July 27, 2026 22:23 UTC)
Elon Musk's net worth has dropped to $695.7 billion, marking a significant decline of $29.5 billion due to a 4.8% fall in SpaceX shares, which are now around $109.50 after a staggering 50% plunge since June 16. Musk has referred to himself as a “former” trillionaire, and analysts are expressing caution regarding SpaceX's stock value ahead of the upcoming Starship test launch. Morgan Stanley analysts have warned that if SpaceX shares fall below $100, it would suggest no value in the rocket maker’s AI business.
--
(UPDATED July 27, 2026 13:57 UTC)
SpaceX has achieved a record-setting IPO, with its stock soaring to an all-time high of more than $225 per share. However, recent setbacks at SpaceX have negatively impacted Tesla's stock performance, suggesting that investor confidence in Tesla is closely tied to the fortunes of SpaceX. Both companies, overseen by Elon Musk, are primarily based in the United States and their intertwined performances continue to shape market sentiment.