finance
SpaceX Shares Fall 8% on Monday for Third Straight Day
SpaceX stock declined 8% on Monday after beginning public trading on June 12. The company announced a senior unsecured notes offering and reported $100.8 billion in cash as of June 19.
Jun 22, 9:42 AM·1m read2 sources
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SpaceX shares fell 8% on Monday, extending losses into a third consecutive trading day after the company's initial public offering on June 12. The stock had already declined 5% on Wednesday and 3.6% on Thursday of the prior week. It remained up 37% from the $135 IPO closing price at the end of Thursday trading.
SpaceX announced a senior unsecured notes offering on Monday and disclosed that it held $100.8 billion in cash and cash equivalents as of June 19. The company recorded a $4.9 billion net loss for 2025 and a $4.28 billion net loss in the first quarter of 2026. The IPO made Elon Musk the world's first trillionaire and created thousands of new millionaires among shareholders.
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