InsiderFlow › News › Elon Musk's SpaceX has lost $1T in market cap since mid-June as Starship launch is scrubbed

NEWS · Yahoo Finance · Jul 18, 2026 NEUTRAL

Elon Musk's SpaceX has lost $1T in market cap since mid-June as Starship launch is scrubbed

SpaceX’s market value has dropped about $1 trillion since mid‑June because the Starship launch was called off.

What it means

SpaceX’s market value has dropped about $1 trillion since mid‑June because the Starship launch was called off. Investors are re‑pricing the company’s growth prospects after the setback.

Possible consequences

The loss can pull down stocks of aerospace suppliers and companies tied to Elon Musk, especially Tesla. It also adds uncertainty to the broader high‑tech sector, which may see weaker sentiment.

What you can do

Watch Tesla (TSLA) and aerospace ETFs closely, and consider trimming exposure if the negative sentiment persists.

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Explanation generated by InsiderFlow's AI for informational purposes: not financial advice.