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SpaceX Shares Fall for First Time Since Blockbuster Debut

SpaceX stock experienced a three-day losing streak after its June 12 debut on the Nasdaq. Shares briefly fell below the 150 dollar opening price on Tuesday before recovering. The company also confirmed its first bond issuance in a filing.

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What changed

The stock has since recovered from a three-day plunge that saw shares dip below the initial IPO price.

Live updates

  1. SpaceX Shares Volatile After Three-Day Slide Following IPO

    SpaceX stock experienced a three-day losing streak after its June 12 debut on the Nasdaq. Shares briefly fell below the 150 dollar opening price on Tuesday before recovering. The company also confirmed its first bond issuance in a filing.

    What's confirmed:

    • SpaceX stock fell for three consecutive trading days ending Monday.
    • Shares briefly dipped below the 150 dollar IPO opening price on Tuesday.
    • SpaceX confirmed its first bond issuance in a filing.
    • The company debuted on the Nasdaq on June 12.

    Still unconfirmed:

    • The firm aims to raise 20 billion dollars from bond offerings.
    confidence 80%
  2. SpaceX Shares Decline Following Record IPO Rally

    SpaceX stock fell on Wednesday, ending a three-day rally that saw gains of nearly 50%. This decline is the first since the company debuted on the Nasdaq on June 12. Shares have continued to drop over the last two full trading days.

    What's confirmed:

    • SpaceX debuted on the Nasdaq on June 12.
    • SpaceX shares fell on Wednesday for the first time since its IPO.
    • The Wednesday decline ended a three-day rally.
    • The rally prior to the decline reached nearly 50%.
    • SpaceX shares were priced at $135 and opened at $150.

    Still unconfirmed:

    • The end of IPO lockup periods could cause the stock to slide.
    • Two-year Treasury yields jumped 13 bps in post-press conference Wednesday trading.
    confidence 90%
  3. SpaceX Stock Declines After Three-Day Rally

    SpaceX shares fell on Wednesday. This drop ended a three-session winning streak. The decline is the first since the company's public debut.

    Still unconfirmed:

    • SpaceX stock fell on Wednesday for the first time since the company went public.
    • The decline ended a three-session winning streak.
    • eToro offers 50 dollars in SpaceX stock for users who register and deposit at least 200 dollars.
    confidence 60%
  4. SpaceX Shares Fall for First Time Since IPO Debut

    SpaceX stock has experienced its first decline since its initial public offering. This follows a massive rally that pushed the company's valuation to 2.65 trillion dollars. The surge briefly made Elon Musk the first trillionaire.

    What's confirmed:

    • SpaceX shares have fallen for the first time since their debut.
    • The company's valuation reached 2.65 trillion dollars.
    • Elon Musk became the world's first trillionaire due to the IPO.
    • SpaceX raised 85.7 billion dollars through its Nasdaq listing.
    • The stock closed at 161 dollars after jumping 19% on its debut day.

    Still unconfirmed:

    • Technical factors are driving the stock as a meme stock.
    confidence 90%