SPCX Falls 16.43%
SpaceX stock falls 16.43% to $154.60, with investors who bought at IPO up 23% and those who bought at peak down almost 25%.
Just days after delivering the largest IPO in history , Space Exploration Technologies Corp. (NASDAQ: SPCX ) has seen more than $400 billion in market value disappear, prompting economist Mohamed El-Erian to highlight the dramatic split between early winners and late buyers.
SpaceX Stock Swing Highlights IPO Volatility Elon Musk’s company SpaceX fell 16.43% on Monday to close at $154.60 , extending a sharp pullback from its recent all-time high and marking one of the largest value declines ever recorded for a U.S. company.
The latest sell-off has reduced SpaceX’s market capitalization to roughly $2.04 trillion, pushing the company to the seventh spot among the world’s most valuable publicly traded firms.
According to MarketWatch, Monday’s roughly $400.8 billion decline in market value ranks as the second-largest one-day value loss for a U.S. company.
Read Also: SpaceX Investors May Soon Face A Question Meta, Uber And Rivian Shareholders Know Well Mohamed El-Erian: ‘Wild’ Difference Between Winners And Losers Commenting on the stock’s rapid rise and fall, El-Erian wrote on X , “In less than ten trading sessions, SpaceX priced its IPO at $135, surged to almost $220, and has now retraced to $166.” He added, “Investors who were lucky enough to acquire their exposure at the IPO are currently up 23%, while those who were very unlucky and bought at the high are down almost 25%.
Wild!” In less than ten trading sessions, SpaceX priced its IPO at $135, surged to almost $220, and has now retraced to $166.
In other words, investors who were lucky enough to acquire their exposure at the IPO are currently up 23%, while those who were very unlucky and bought at the… pic.twitter.com/UbfUqaw5dg — Mohamed A.
El-Erian (@elerianm) June 22, 2026 From Record IPO To Sharp Pullback SpaceX priced its IPO at $135 per share on June 12, opened at $150 and ended its first trading day at $160.95, a gain of about 19%.
Investor enthusiasm intensified on June 16 after the company announced plans to acquire Anysphere , the maker of AI coding tool Cursor , in a $60 billion stock transaction.
The news helped send shares to a record high of $225.64 and briefly pushed SpaceX’s valuation above that of Amazon.com Inc. (NASDAQ: AMZN ) .
Since then, however, the stock has retreated sharply.
In the past five days, SpaceX shares are down by 9.92%, according to Benzinga Pro.
According to Benzinga Edge Stock Rankings , SpaceX stock continues to face a bearish price trend over the short, medium and long term.
Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors .
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