SpaceX's stock price drops to $113.50, with a market value evaporation of $1.2 trillion

As of Monday's close, SpaceX's stock price recorded its 13th day of decline in the past 16 trading days, closing at a new low of $113.50 after going public. Since the stock price hit a high of $225.64 in June, SpaceX's market value has evaporated by over $1.2 trillion, which is equal to Tesla's current market value.