SpaceX stock seesaws following $400 billion sell-off

CNBC June 23, 2026 4 views

SpaceX shares seesawed between falls and gains in premarket trading on Tuesday.
It follows the stock tanking 16% on Monday, as initially bullish sentiment on the company cooled.
SpaceX's market cap was $2 trillion at close on Monday.
The stock tanked 16% on Monday, following drops of 3.6% and 5% the previous two days of trading. SpaceX's market cap was $2 trillion at close on Monday.
Shares were down 1% as of 8.26 a.m. ET.
The company announced on Monday a
senior unsecured notes offering and disclosed that it had $100.8 billion in cash and cash equivalents on hand as of June 19.
SpaceX's stock surged after its blockbuster debut, with shares rallying more than 50% on their offering price, as investors scrambled to buy into Musk's lofty ambitions for the company.
But by the end of last week the average investor who bought SpaceX shares had seen nearly
all of their gains disappear.
<small>Source: CNBC</small>

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