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SpaceX posts first losing day as stock sinks 5%, losing momentum after a multiday rally

SpaceX shares fell Wednesday, ending a three-day winning streak. The decline follows a period of growth after the company's record-breaking public offering. The stock has experienced volatility following a large sell-off in the tech sector.

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New reports identify the stock as a record-breaking IPO and include analyst commentary on its trading behavior.

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  1. SpaceX Stock Records First Loss After IPO Surge

    SpaceX shares fell Wednesday, ending a three-day winning streak. The decline follows a period of growth after the company's record-breaking public offering. The stock has experienced volatility following a large sell-off in the tech sector.

    What's confirmed:

    • SpaceX stock fell on Wednesday for the first time since the company went public.
    • The decline ended a three-day winning streak.

    Still unconfirmed:

    • Gary Black of Future Fund stated SPCX traded more like a "meme stock" than a fundamentals-driven company.
    • SpaceX stock has plunged three days in a row.
    confidence 80%

  2. SpaceX Shares Record First Loss Following IPO Rally

    SpaceX stock closed 5 percent lower on Wednesday, ending a three-day rally. The decline follows a period of rapid growth since the company went public last Friday. Shares have since dropped more than 8 percent.

    What's confirmed:

    • SpaceX shares declined for the first time since its initial public offering.
    • The stock ended a three-day rally.

    Still unconfirmed:

    • The rally had reached nearly 50%.
    • Shares closed 5 percent lower on Wednesday's trading.
    • Shares are currently down more than 8 percent.
    • The stock had a roughly 40% run since the company went public.
    confidence 90%

  3. SpaceX Shares Decline as Post-IPO Rally Slows

    SpaceX stock fell on Thursday, June 18, ending a rally that followed its June 12 IPO. The decline follows a period where the company briefly ranked among the top five most valuable firms globally. Shares are now fluctuating as the initial market frenzy cools.

    Still unconfirmed:

    • SpaceX shares dropped 6.5 per cent to $178.50 on Thursday.
    • SpaceX shares experienced a 9 per cent decline.
    • The stock fell more than 6 per cent on Thursday.
    • SpaceX shares fell nearly 5 per cent in the last session.
    confidence 50%

  4. SpaceX Stock Drops for Second Session as Post-IPO Rally Cools

    SpaceX shares continued to decline on Thursday, June 18, following their first losing session since the June 12 IPO. The stock fell to $176 after previously surging past Amazon in market capitalization. This downturn follows a multi-day rally that saw shares rise significantly from the initial offering price.

    What's confirmed:

    • SpaceX priced its IPO at $135 per share on June 12, 2026.
    • The company initially raised $75 billion in its public offering.
    • Underwriters exercised a greenshoe option on June 15 to bring total proceeds to $85.7 billion.
    • SpaceX shares experienced a three-day winning streak after the IPO.
    • The stock fell on Wednesday, June 17, marking its first decline since going public.
    • SpaceX shares were down 8% to $176 on Thursday, June 18.
    • The stock briefly surpassed Amazon in market capitalization during its rally.

    Still unconfirmed:

    • SpaceX shares dropped 9.26% to $191.82 on June 17.
    • The stock is up 25% since its June 12 debut.
    • The post-IPO rally hit 58%.
    • The stock fell below Amazon in market cap due to Federal Reserve rates.
    confidence 90%