SpaceX Holds Near $154 as Split Talk and Tesla Merger Hints Rise

SpaceX shares stabilized around $153-154.60 after plunging more than 30% from their $226 post-IPO peak, erasing over $150 billion from Elon Musk’s fortune and ending his brief trillionaire status at $946 billion. The selloff followed the June IPO at $135 amid heavy cash burn and regulatory scrutiny, with Tesla shares also weakening. Musk’s June 30 comment that SpaceX could reach $1 trillion revenue by 2030 has revived speculation of a potential merger or deeper integration with Tesla, whose stronger fundamentals contrast with SpaceX’s $8.7 billion loss.