SpaceX stock loses $1.2 trillion in market cap before Q2 earnings

Apple has reached a market capitalization of $5 trillion for the first time during intraday trading on Tuesday. This milestone makes Apple only the second publicly traded company ever to cross this threshold and the first US company to do so. This achievement underscores Apple's tech dominance and is expected to influence market dynamics and investor strategies among major tech firms. Meanwhile, SpaceX stock experienced a loss of $1.2 trillion in market cap before Q2 earnings.