SpaceX shares fall! Market cap of Elon Musk-led firm set to see $1 trillion drop from all-time high

After dropping as much as 6.9% in early US trading to $122.12 per share, the stock recovered some of its losses. At that level, the company's market value stood at $1.61 trillion, down from its high of $2.64 trillion seen at the close of June 16.