finance
SpaceX Shares Fall More Than 3 Percent in Premarket Trading
The stock declined 3.43 percent by 4:30 a.m. ET on Tuesday after dropping 16 percent on Monday. The moves follow a record IPO on June 12 and several days of losses.
Jun 23, 4:15 AM·1m read2 sources
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SpaceX shares fell more than 3 percent in premarket trading on Tuesday, June 23, 2026. The stock traded 3.43 percent lower as of 4:30 a.m. ET. The decline followed a 16 percent drop on Monday, June 22.
Shares had already fallen 3.6 percent on Friday, June 19, and 5 percent on Thursday, June 18. Market capitalization stood at $2 trillion at the close of Monday trading. SpaceX completed a record-breaking initial public offering on June 12.
Shares rallied more than 50 percent above the offering price in the immediate aftermath before retreating. By the end of the week of June 15-19, investors who bought at the IPO price had seen nearly all of those gains erased. On Monday the company announced a senior unsecured notes offering.
It also disclosed $100.8 billion in cash and cash equivalents as of June 19. That same day SpaceX signed a computing power agreement with open-source AI startup Reflection that grants the startup access to the Colossus infrastructure.
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