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SpaceX stock drops again after rally following blockbuster IPO

SpaceX stock has fallen for three consecutive trading days after a rally following its June 12 IPO. Investors are questioning the company's $2.5 trillion valuation as profit-taking occurs. The first earnings report expected by August is viewed as the next major catalyst.

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What changed

The stock extended its losing streak to a third straight day on Monday.

Live updates

  1. SpaceX Shares Decline Following Post-IPO Surge

    SpaceX stock has fallen for three consecutive trading days after a rally following its June 12 IPO. Investors are questioning the company's $2.5 trillion valuation as profit-taking occurs. The first earnings report expected by August is viewed as the next major catalyst.

    What's confirmed:

    • SpaceX went public with a record breaking IPO on June 12.
    • The stock fell for three consecutive trading days ending Monday.
    • Shares surged nearly 50% following the IPO.
    • The company is listed on the NASDAQ under the ticker SPCX.

    Still unconfirmed:

    • SpaceX shares have fallen more than 6% as investors take profits.
    • SpaceX stock tumbled 16.4%, shaving off most IPO gains since debut.
    • SpaceX stock dropped 10% Monday.
    • The losing streak reached 27% after the debut.
    • SpaceX confirmed its first-ever bond issuance in a filing.
    confidence 85%