SpaceX Erased Tesla's Marketcap in Little Over a Month - MobyBREAKING NEWSOur analysts just identified a stock with the potential to be the next Nvidia. Nobody tell Elon, but SpaceX has now lost Tesla's entire market cap since the stock hit an all-time high near $225 right after its headline-grabbing IPO. Tesla is down 25.4% over the past month and 30% year to date, its ugliest slump since 2022. SpaceX bought xAI, home of the Grok chatbot, in an all-stock deal on February 2, 2026 valuing the combined company at $1.25 trillion, a little over a year after xAI itself bought X Corp (formerly Twitter) for $33 billion in March 2025. "Before 2028" for a Tesla absorption sits at 68%, while "before September 1, 2026" holds at just 1%.