SpaceX shares rose 2.5% on Tuesday following a steep two-day selloff that erased over $600 billion from the company's market value. The drop, one of the largest ever for a newly listed mega-cap stock, pushed shares below their initial $150 opening price and threatened to reduce the company's market cap below $2 trillion. Despite the volatility, shares remain about 10% above the IPO price of $135. This sharp market reaction highlights investor caution after SpaceX's recent public offering.
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...
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 highe...
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 ...
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...
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...
