Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Space stocks soar before SpaceX IPO, then mostly drop back; only 2 of 28 remain up post-IPO.

Market News
23 Jun 2026
Seeking Alpha
View Source
Bearish
pluang ai news

Ahead of the SpaceX IPO priced at $135, many space-related stocks surged, averaging a 99% gain year-to-date by June 11. However, after the IPO, most of these stocks fell back down, with only SpaceX shares and one other stock out of 28 remaining higher. This shows the initial hype around space stocks has cooled off following the public offering. Investors should watch how these stocks perform as the market digests the SpaceX IPO impact.

More News (SPCX)

SpaceX stock plunges 22% after initial IPO surge, wiping out early gains.

SpaceX stock plunges 22% after initial IPO surge, wiping out early gains.

SpaceX stock initially surged 50% after its June 12 IPO, reaching an all-time high of $225.64. However, it then plunged nearly 22% in the following week, erasing all gains and closing below its IPO price. The rapid early rise likely prompted profit-t...

Market News
Bearish
4 hours ago
SpaceX's AI unit xAI loses billions, struggles to compete with AI giants, dragging down parent company.

SpaceX's AI unit xAI loses billions, struggles to compete with AI giants, dragging down parent company.

SpaceX's AI division xAI, which operates the Grok AI, has suffered massive losses of $6.4 billion on $3.2 billion revenue, failing to compete with leading AI firms like OpenAI and Google. Despite SpaceX's strong overall revenue of nearly $19 billion ...

Market News
Bearish
4 hours ago
SpaceX stock plunges $1 trillion in value within a week after IPO surge.

SpaceX stock plunges $1 trillion in value within a week after IPO surge.

SpaceX's stock has lost nearly all its gains made after its IPO, dropping about $1 trillion in valuation from $3 trillion on June 16 to $2.04 trillion on June 23, 2026. The share price fell from around $225.8 to $150.95 in just four trading days, pos...

Market News
Bearish
5 hours ago
Small caps and value stocks lead gains as earnings growth spreads beyond top tech giants.

Small caps and value stocks lead gains as earnings growth spreads beyond top tech giants.

Small-cap stocks, particularly those focused on value, are outperforming as earnings growth expands beyond the major tech companies known as the Magnificent-7. The Russell 2000 index has outperformed both the S&P 500 and Nasdaq 100 over the past year...

Market News
Neutral
6 hours ago
SpaceX lost $1 trillion in market value but raised $20 billion in bonds, showing investor confidence in its cash flow and AI growth.

SpaceX lost $1 trillion in market value but raised $20 billion in bonds, showing investor confidence in its cash flow and AI growth.

SpaceX's market value dropped by over $1 trillion recently, yet the company successfully raised $20 billion through debt, reflecting strong confidence from bond investors. While stock investors worry about heavy spending on Starship, AI, and data cen...

Market News
Neutral
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App