SpaceX stock tanks 16%, extending slump following post-IPO rally
Summary
SpaceX’s stock fell 16% on Monday, extending a three-day decline after its blockbuster IPO. The company started trading on June 12 at $150 per share and briefly pushed its market value above Amazon and Microsoft before pulling back. SpaceX also disclosed a senior unsecured notes offering and said it held $100.8 billion in cash and cash equivalents as of June 19. The article highlights investor enthusiasm around Elon Musk’s company, along with its large losses in 2025 and early 2026.
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