SpaceX stock tanks 16%, extending slump following post-IPO rally
The stock’s third straight loss erased most debut gains as investors reacted to a broader market selloff and reports of a possible $20 billion bond sale.
- Shares of SpaceX fell 16% on Monday, closing below their June 12 IPO price and marking the third consecutive day of declines for the company.
- On June 12, SpaceX shares closed at $160.90 and peaked at $201.80 on June 16; by Monday's close at $154.60, shares had dropped about 23% from their peak.
- SpaceX raised over $85 billion in its IPO and has a market capitalization of around $2 trillion, making it more valuable than Walmart and Meta.
- The sell-off coincided with broader market declines and investor concerns over rising debt costs for tech companies, which increased short-term inflation worries and affected market sentiment.
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SpaceX Plunges 16% in a Single Day... What Will Do for Korean Retail Investors Who Bought 3 Trillion Won? Investors are crying out in despair as the U.S. aerospace company SpaceX plunged 16% in a single day. Domestic retail investors have purchased approximately 3 trillion won worth of SpaceX shares since its IPO. ◇ 16% Plunge in a Single Day, Week of the 23rd
After the brilliant launch of the stock market, SpaceX is going down again. Google's mother Alphabet and other tech heavyweights are also weakening. On the other hand, the health and industry sector is doing better.
Stocks of SpaceX, Elon Musk's aerospace and AI company, fell sharply on Wall Street on Monday for the third consecutive trading day. The...
berlingske.dk
SpaceX has been losing momentum on the stock market in recent days. On Monday, the Musk-owned giant fell by a good 16 percent.
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