TradingKey – As of July 27, Eastern Time, SpaceX ( SPCX) shares stood at $113.50, down 1.4%, hitting an intraday low of $108.66 to set another new low since its listing. Compared to the all-time high of $225.64 set on June 16, SPCX has experienced a cumulative drawdown of nearly 50%, and has fallen about 16% from its IPO price of $135. SpaceX’s market capitalization has also dropped from a peak of around $3 trillion to about $1.5 trillion, erasing nearly $1.5 trillion in market value, which already exceeds the current total market capitalization of Tesla ( TSLA )’s current total market capitalization of approximately $1.09 trillion.