SpaceX stock sinks for a second day as company slips below Amazon in market cap
The stock fell more than 6% as investors weighed billions in annual losses and a $60 billion AI deal.
- SpaceX shares tumbled for a second straight day on Wednesday, losing nearly 5% and another 3–4% in premarket trading, erasing over $100 billion in market capitalization after peaking above $222 earlier this week.
- Following a mega-IPO priced at $135, shares rocketed before declining; the merger with Elon Musk created a controversial albatross that complicates profitability while the company lost billions last year.
- Arete Research analyst Andrew Beale predicted shares could reach over $400, while Founder Funds in Dallas partner Michael Monaghan cited $200 billion in potential 2030 revenue, though fundamentals remain uncertain.
- Waning enthusiasm serves as a reality check for investors buying into Musk's visions, as SpaceX bulls settle into a wilder, more drawn-out ride than anticipated following the IPO.
- Space is hard, with timelines prone to slipping due to launch anomalies and technical challenges; investors should treat long-term estimates with caution as the market recalibrates expectations.
17 Articles
17 Articles
The company's value almost reached $3 trillion for a short time after its IPO.
SpaceX shares fell by almost 10% on Thursday, as investors' enthusiasm after the largest initial public offer in history begins to cool. The correction comes after an advance of more than 40% in the first trading days of Elon Musk's company, CNBC broadcasts.
STOCK MARKET: The average SpaceX buyer post-IPO is almost under water after two-day slide
SpaceX celebrates their IPO at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC The average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased a large chunk of the stock’s post-IPO surge. Shares of SpaceX fell 3.6% Thursday to just under $184.98 a share. The stock’s five-day volume-weighted average price, or VWAP, is $181.71 a share. VWAP measures the ave…
Het Laatste Nieuws
De MorgenShares of aerospace company SpaceX fell in value by 10 percent during trading on Wall Street on Thursday, a week after the IPO.
Heavy SpaceX Options Trading Driven by New Daily Contracts
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
