Times Square billboard celebrates SpaceX’s IPO debut on Nasdaq on June 12, 2026.
Adam Jeffrey | CNBC
space x Shares fell 16% on Monday, continuing to fall over the past three days of trading after an initial rally driven by a record initial public offering.
Elon Musk’s space and artificial intelligence company began trading at $150 per share after its blockbuster public offering on June 12, making it one of the world’s most valuable companies.
SpaceX’s stock price soared in its first two full days as a publicly traded company, with its market capitalization exceeding its market capitalization. Amazon And — easily — microsoft before dropping below both on Tuesday.
Ahead of the June 1 holiday on Friday, the stock price fell 5% and 3.6% last Wednesday and Thursday. The stock price has fallen nearly 24% in the past three days.
SpaceX stock.
The company offered the stock at a set price of $135.
SpaceX also announced a senior unsecured debt offering on Monday, revealing that it had $100.8 billion in cash and cash equivalents on hand as of June 19.
Bullish investors are betting big on the prospects for Musk’s long-term gains for SpaceX. The company posted a net loss of $4.9 billion in 2025, and a $4.28 billion loss in the first quarter of this year.
But the average investor who bought SpaceX stock on the open market after its debut saw almost all of the gains erased by the end of last week thanks to the rebound.
Nevertheless, the blockbuster IPO made Musk the world’s first billionaire, created thousands of new billionaires, and pushed some shareholders’ holdings to more than $1 billion.
