SpaceX’s stock is trading down more than 5% in premarket hours on Monday, continuing a decline that has persisted over the past two full days of trading following an initial rally after its record-breaking IPO.
Shares were approximately 5.73% lower at 7:15 a.m. ET.
The company, led by Elon Musk, quickly became one of the world’s most valuable firms after its blockbuster listing on June 12. The stock surged during its first two full days as a public company, briefly surpassing Amazon and Microsoft in market valuation before retreating below both.
Following declines of 5% and 3.6% on Wednesday and Thursday, respectively, and a pause during the Juneteenth holiday, the stock remains up 37% since its debut at the set price of $135.
Investors remain optimistic about Elon Musk’s long-term vision for SpaceX, despite the company reporting a net loss of $4.9 billion in 2025 and a $4.28 billion loss in the first quarter of this year. However, many retail investors who purchased shares after the IPO have seen most of their gains eroded due to the recent pullback.
Source (CNBC)
