finance
SpaceX stock falls more than 30 percent from June peak
SpaceX shares closed at $156 on Tuesday after dropping from an intraday high of $225 on June 16. The decline contributed to a drop in the net worth of the company's largest shareholder below $1 trillion.
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SpaceX shares closed at $156 on Tuesday, down more than 30 percent from an intraday peak of $225 reached on June 16. The stock began trading at $150 on June 12 following the company's initial public offering. The decline occurred amid a broader sell-off in technology stocks. Reports cited concerns over an artificial intelligence bubble and the possibility of an interest rate increase.
Valuation and financial results SpaceX's initial public offering valued the company above $2 trillion. The company's S-1 filing showed a $4.9 billion loss for 2025 and $12.7 billion in capital expenditures tied to its artificial intelligence segment.
The largest shareholder's stake in SpaceX was valued at $744 billion on Tuesday, representing nearly 80 percent of that individual's total net worth. A separate stake in another company was valued at $158 billion.
Lockup period ahead The lockup period for early investors and shareholders is set to expire in the coming weeks. That period restricts sales of shares acquired before the public offering. Market observers have questioned the company's valuation given its reported losses and long-term project goals.
