Why did SpaceX's valuation reportedly drop after hitting $1.77 trillion?
Reports indicate the valuation was driven largely by narrative momentum around a Starlink-and-Starship monopoly story rather than audited fundamentals. When investors reportedly scrutinized SpaceX's debt load, a $4.9 billion annual loss, and the absorbed liabilities of xAI, the premium built on the monopoly narrative began correcting sharply.
Answered in
Elon Musk’s Trillion-Dollar Lie Is Finally CollapsingSpaceX's trillion-dollar valuation, Grok's safety scandals and Tesla's crash-data disputes are converging into one accountability story.
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