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

A fleet of Tesla Cyber trucks is parked at charging stations outside the SpaceX launch production facility in Starbase, Texas, U.S., July 20, 2026. Steve Nesius | ReutersWhat's one trillion between a trillionaire and his biggest fans?SpaceX has now erased more than $1.2 trillion in market cap since its high price of $225.64 in June – almost exactly the value of Elon Musk's other company, Tesla, whose shares just fell to near one-year lows. On Monday, SpaceX fell for the 13th session out of the last 16, shedding more than 1% to end at $113.50.Stock Chart IconStock chart iconSpaceX in the past five trading daysWhile some of the options flows are getting more balanced between bulls and bears, the biggest single SpaceX trades of the day on Monday were neutral to bullish. Small speculators continue to buy fat-chance calls that need the crashing stock to quickly turn around and double.More puts traded than calls by volume Monday, with traders buying 106,000 calls compared to 77,000 puts, though the majority of the $442 million in premium was tied to puts. The most popular contract by volume was the 330-strike call expiring Friday, a contract that goes for 10 cents and has a roughly one-t...