GoKawiilBillboards in Times Square celebrate the SpaceX IPO debut at the Nasdaq on June 12th, 2026.
SpaceX stock fell 16% on Monday, continuing a selloff that has seen shares tumble over the past three full days of trading after an initial rally from its record-breaking initial public offering.
Elon Musk's space and artificial intelligence firm became one of the world's most valuable companies after a blockbuster listing on June 12, opening trading at $150 per share.
Stock surged in SpaceX's first two full days as a public company, with the market cap surpassing Amazon and — briefly — Microsoft on Tuesday, before falling back below both.
Shares sank 5% and 3.6% on Wednesday and Thursday last week, before the Juneteenth holiday on Friday. The stock has lost nearly 24% over the past three days.