BUSINESS

United States SpaceX shares steady after record IPO slide

PUBLISHED Jun 24, 2026, 6:20 AM ET

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SpaceX shares stabilized on Tuesday, June 23, 2026, after a sharp three-day decline that wiped out about $600 billion in market value. Trading under the ticker SPCX, the stock closed at $156.11, up nearly 1%, following a 16% drop on Monday that took it below its post-IPO closing price of $160.95. The volatility comes less than two weeks after SpaceX completed the largest initial public offering in history on June 12, 2026, raising an initial $75 billion at $135 per share. Strong early demand lifted its valuation above $2.2 trillion, with about 30% of shares reserved for retail investors through major brokerage platforms.

By Emily Rhodes | JQJO News

Timeline of Events

Jun 12, 2026 SpaceX completes record-breaking IPO
Jun 12, 2026 Shares open at one hundred fifty
Jun 12, 2026 Stock peaks intraday near one seventy-six
Jun 12, 2026 First-day close sets valuation milestone
Following days Underwriters exercise over-allotment share options
Monday before report Stock drops sixteen percent sharply
Tuesday, Jun 23, 2026 Shares close at one fifty-six
This week Investors question spending and debt levels

News Intelligence

SpaceX's stock tumble might have you worried about your portfolio. It's a reminder that even high-profile IPOs can be volatile. If you invested, keep a close eye on the market. If you didn't, this may be a buying opportunity.