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CNBC
SpaceX stock drops again after rally following blockbuster IPO
Following its record-breaking IPO on June 12, SpaceX saw its stock price rally significantly, briefly making it one of the most valuable companies globally. However, the excitement has faded quickly as shares are down more than 3% in premarket trading, continuing a trend of selloff over the past two days. Despite initial enthusiasm, the stock fell back below the market values of Amazon and Microsoft, raising questions about its future performance.
MonitorConfidence: MediumShort term horizon
Published 22 Jun 2026, 09:55 UTC1 min read
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Summary
TL;DR
- SpaceX stock fell by more than 3% in premarket trading.
- The selloff occurred after an initial rally following the IPO.
- SpaceX became one of the world's most valuable companies shortly after going public.
- The stock surged above market caps of Amazon and Microsoft.
- Investor sentiment appears cautious after the initial IPO excitement.
Interesting facts
- SpaceX's IPO on June 12 marked a significant milestone in the private aerospace sector.
- The stock's volatility showcases investor sentiment and market dynamics.