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

SpaceX stock falls below IPO closing price, wiping out $400 billion in value.

Market News
22 Jun 2026
Market Watch
View Source
Bearish
pluang ai news

SpaceX's stock price dropped below its closing price on the first day of trading, less than two weeks after going public. The stock closed at $154.60 on Monday, marking its worst trading day so far and causing a $400 billion loss in market value. This decline means investors who bought after the IPO's first day are now facing losses on paper. The stock's volatility raises questions about its near-term market performance.

More News (SPCX)

SpaceX stock drops 16%, losing $400 billion in value in one day

SpaceX stock drops 16%, losing $400 billion in value in one day

SpaceX shares fell 16.43% to $154.60, wiping out over $400 billion in market value and dropping the company to the seventh most valuable globally with a $2.04 trillion valuation. This $400.8 billion loss is the second-largest single-day decline ever ...

Market News
Bearish
7 hours ago
SpaceX rated Strong Buy; merger with Tesla seen as value-destructive, partnerships preferred for AI and manufacturing synergies.

SpaceX rated Strong Buy; merger with Tesla seen as value-destructive, partnerships preferred for AI and manufacturing synergies.

SpaceX is rated Strong Buy due to its promising AI segment and solid Space and Connectivity businesses, while Tesla is rated Buy. A merger between SpaceX and Tesla is considered value-destructive for both companies. Instead, synergies in AI, autonomy...

Analyst Insights
Neutral
9 hours ago
Elon Musk's $1 trillion SpaceX revenue forecast by 2030 is deemed unrealistic by experts.

Elon Musk's $1 trillion SpaceX revenue forecast by 2030 is deemed unrealistic by experts.

Elon Musk predicted that SpaceX would achieve $1 trillion in annual revenue by 2030, but experts argue this is highly unlikely. SpaceX's revenue in 2025 was $18.7 billion, meaning it would need to grow over 120% annually for five years to meet Musk's...

Market News
Neutral
11 hours ago
SpaceX stock at $185 seen overvalued amid post-IPO hype and negative earnings outlook.

SpaceX stock at $185 seen overvalued amid post-IPO hype and negative earnings outlook.

SpaceX's stock, currently trading at $185 after its IPO priced at $135, is considered overvalued by many analysts due to its negative forward earnings and a market cap around $2.44 trillion. While bulls highlight SpaceX's multi-platform infrastructur...

Market News
Bearish
13 hours ago
SpaceX shares drop 9% after $20B bond offering announcement, dragging space stocks lower.

SpaceX shares drop 9% after $20B bond offering announcement, dragging space stocks lower.

SpaceX shares fell 9% following its announcement of a $20 billion senior notes bond offering to repay debt and fund AI and data-center projects. This move triggered a sell-the-news reaction, impacting the broader space sector with Virgin Galactic dow...

Market News
Bearish
14 hours ago
banner-footerbanner-footer

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