From record IPO to sharp correction: Why SpaceX shares are sliding
Published on: June 23, 2026, 11:48 a.m. | Source: The Economic Times
SpaceX made history with the largest IPO ever, as investor enthusiasm drove the stock nearly 60% above its listing price within days. The rally briefly pushed the company's market valuation close to $3 trillion and helped Elon Musk become the world's first trillionaire. The momentum quickly reversed as the stock declined for three straight trading sessions. More than $400 billion in market value was wiped out, erasing most of the spectacular gains made after the IPO and prompting investors to reassess the company's valuation. (Sources: Yahoo Finance, CNBC, Bloomberg, Forbes) The story so far
