📊 QUICK MATH #00204 AUG 2026
SpaceX Just Lost $500 Billion Before Reading Its First Report Card
💸 $500B lost · 7 weeks since IPO · first earnings today
SpaceX went public on June 12, 2026. Seven weeks later, its market cap has fallen by roughly $500 billion — from IPO highs to Friday’s close of $108.37. The company reports its first earnings as a public company today, August 4. CNBC
Deutsche Bank still rates SpaceX a Buy with a $255 price target — implying 135% upside from Friday’s close. The bank’s thesis rests on Starship progress and a potential “large government/sovereign AI deal.” Same analysts. Same targets. Different half-trillion. CNBC
Broken down: $500B lost / 7 weeks = ~$71 billion per week. That’s $10 billion per day. $115,741 every second. Elon Musk personally lost $320 billion in July alone — SpaceX drove most of it. The Nasdaq did not require a courtroom to render the verdict.
⚖️ GOLDEN FUMBLE
"SpaceX lost half a trillion dollars in seven weeks and the analysts who missed it are still publishing the price targets they used before it happened. Deutsche Bank says buy at $255. The market says $108 and falling. Someone's wrong by 135%. Sonny is not a physicist, but he's watched enough rockets to know: the ones that go up eventually come back down. The question is whether they land on the launchpad or in the ocean. Today's earnings report will tell you which."
📰 SourcesCNBC — Stock market news, Aug 3