SpaceX's market value dropped by more than $500 billion in October. After a record high of $2.3 trillion, reached on October 6, the company's value has fallen to $1.8 trillion. On Friday alone, its shares lost over 6%. The decline coincided with the end of the blocking period for some of the papers, after which their owners could sell shares. The additional supply comes at a time when investors have already reduced investments in the technology sector. This combination increases the pressure on the price offers even without changes in the company's current activities. The drop in capitalization doesn't mean half a trillion dollars in cash has been taken out of SpaceX: it's a drop in its market value based on the value of its shares. But the scale of the decline shows just how vulnerable the lofty valuations of fast-growing tech companies are, as the market simultaneously grapples with new sellers and a general risk-off attitude among investors. The market value changes along with the stock price. ΞKONOMICON.