At a current market capitalization of roughly $1.479 trillion, SpaceX has erased about $1.16 trillion, or 44%, since its valuation peaked at $2.639 trillion on June 23. The chart shows a selloff across SpaceX's capital structure:Black line, right axis: SpaceX shares, down from $157.68 on June 29 to about $111.39, a decline of roughly 29%. SpaceX shares, down from $157.68 on June 29 to about $111.39, a decline of roughly 29%. Blue line, left axis: SpaceX's 6.65% senior unsecured bonds due 2056, down from roughly 97 cents on the dollar to 87.6 cents. The bond is part of SpaceX's $25 billion inaugural debt offering, including $3.5 billion of 2056 notes.