The Damage Report
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Elon Musk Loses BIG In SpaceX Stock Crash As Alarming Congress Purchases Revealed
Posted
July 19, 2026
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5:13Now PlayingElon Musk loses massively as his company SpaceX's stock continues to crater while alarms sound over congress members buying up the stock and what that would mean for future government decisions or contracts for the company. John Iadarola and Yasmin Kahn break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
SpaceX stock drops to a new low and loses $1 trillion in value in a month
"SpaceX's IPO honeymoon seems to be over.
Five weeks after the company's record-breaking debut, about $1 trillion in market value has evaporated — and the selling isn't letting up.
The stock first slipped below its $135 IPO price on Wednesday, touching $132.75 before recovering to close above it."
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