SpaceX stock drops again after rally following blockbuster IPO

CNBC June 22, 2026 1 views

SpaceX shares are down in premarket trading on Monday.
A rally following the company's record-breaking IPO on June 12 has cooled, with stock dropping the past two full days of trading.
Stock was still up 37% at market close on Thursday, before the long weekend, after the historic debut.
SpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO.
Shares in the company were down 3.53% at 5:04 a.m. ET.
Elon Musk's space and artificial intelligence firm became one of the world's most valuable companies after a blockbuster listing on June 12. Stock surged in SpaceX's first two full days as a public company, with market cap surpassing
Amazon and — briefly — Microsoft on Tuesday, before falling back below both.
Shares sank 5% and 3.6% on Wednesday and Thursday last week, before the Juneteenth holiday on Friday.
The stock was still up 37% at market close on Thursday since its historic debut, which offered shares at a set price of $135.
This is a developing story. Refresh for updates.
<small>Source: CNBC</small>

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