Business

Tech Sector Struggles as SpaceX Loses Market Cap

Updated 2026-07-27 21:40 UTC 2 sources Negative

SpaceX has lost over $1.2 trillion in market capitalization since reaching its peak, while AI-related bonds face increased pressure amid earnings reports from Meta and Microsoft.

Coverage timeline — 2 articles

CNBC

SpaceX has now lost the equivalent of a full Tesla in market capitalization

Elon Musk's space company has wiped off more than $1.2 trillion in market cap since hitting a high of $225.64 per share in June.

2026-07-27 21:26 UTC

MarketWatch

More cracks emerge in AI-related bonds as Meta, Microsoft earnings loom

‘The money has to come from somewhere,’ says Bryce Doty at Sit, of pressure heavy AI-debt supply and the rest of the bond market

2026-07-27 21:35 UTC