SpaceX Stock Takes a Tumble, Shedding Most of Its IPO Gains in Two Weeks

SpaceX stock takes a tumble, shedding most of its IPO gains in two weeks

Less than two weeks after its blockbuster initial public offering, SpaceX has shaved off almost all its added value.

SpaceX stock price drops again as post-IPO gains for retail investors get nearly wiped out

Shares of Elon Musk’s Space Exploration Technologies Corp. (Nasdaq: SPCX), better known as SpaceX, are having a bad week so far. On Monday, the stock price for Elon Musk’s space and AI company crashed by more than 16%. That decline followed drops of around 3.6% and 5% last Wednesday and Thursday, respectively. (Markets were closed on Friday for the Juneteenth holiday.) And in premarket trading this morning, the company’s shares fell below a thre…

SpaceX Stock Has Plunged 3 Days in a Row. Is This a Red Flag or a Buying Opportunity?

Should investors take another look at SpaceX after its decline?

SpaceX Drops More Than 10%

SpaceX's market fireworks are dimming. Shares slid another 10% Monday, extending a three-day retreat that has erased most gains for investors who jumped in after the company's record-setting June 12 IPO, CNBC reports. Shares fell 5% on Wednesday and another 3.6% on Thursday, with markets closed Friday for Juneteenth....

SpaceX Retraces IPO Gains - What Next?

Here’s Why SpaceX Stock Price is in a Steep Freefall After the IPO

Key Insights SpaceX stock has crashed by double digits from the highest point last week. The retreat happened amid the ongoing profit taking among investors. The company sold its first bonds after going public earlier this month. SpaceX stock price has suffered a big reversal in the past few days, falling from the post-IPO high of $225 to the current $154. This retreat has erased close to $1 trillion in value, with Elon Musk’s wealth tumbling b…