Elon Musk's SpaceX saw its market valuation decline by more than $1 trillion (₹96.29 lakh crore) after its share price dropped from the $135 IPO level to $124 on July 17. Following its initial listing, the stock had climbed as high as $225.64 before experiencing a downturn. Confidence among investors waned after the company called off the T-0 ignition sequence for Starship Flight 13, raising doubts regarding the firm's immediate future.

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