SpaceX's stock price fell more than 4% before the market opened on Monday, continuing its previous sell-off. The stock has been lower for two full sessions in a row, following a surge in shares following a record IPO. The aerospace and artificial intelligence company headed by Elon Musk became one of the world's most valuable companies after completing a sensational listing in the capital market on June 12. SpaceX's stock price surged sharply in the first two full trading days after its listing. On Tuesday, its market value once surpassed Amazon and briefly surpassed Microsoft. Then it fell back below the market value of the two companies again.
Ahead of the Juneteenth holiday last Friday, the stock fell 5% and 3.6% respectively on Wednesday and Thursday.
The IPO price was set at $135 per share. As of last Thursday's close, the stock was still up 37% from the issue price.
Bullish investors are optimistic that CEO Elon Musk can lead SpaceX to long-term earnings growth. The company had a net loss of $4.9 billion in 2025 and a loss of $4.28 billion in the first quarter of 2026.
Affected by this round of stock price correction, ordinary investors who bought SpaceX shares in the secondary market after listing had almost given up all their floating profits by the end of last week.
Even so, this unprecedented IPO still made Musk the world's first trillionaire, created thousands of new millionaires, and some shareholders held equity worth more than one billion US dollars.