India, July 21 -- The pressure on SpaceX is mounting due to a fall in its stock value by more than $1 trillion after the decline in its stock price since its high valuation. SpaceX, which was once among the top five most valuable firms in the United States, has dropped to become the eighth most valuable company, trailing Meta Platforms and Broadcom. A series of factors ranging from delays in launching rockets, issues regarding growth and valuation concerns have all contributed to the pessimism surrounding SpaceX.

US Stock Market Today

Wall Street delivered a mixed performance as analysts evaluated corporate profits and technology stocks and though some artificial intelligence companies were still being snapped up by buyers, SpaceX strug...