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Updated 2d ago
· 17 sources tracked
SpaceX stock falls premarket, continuing selloff after rally and blockbuster IPO
SpaceX shares continue to decline following a record-breaking IPO on June 12. The stock experienced three consecutive down days starting last week, with some reports citing a 10% drop on Monday. Investors are now reacting to a confirmed bond offering and governance concerns.
What changed
The stock has entered a sustained selloff after an initial surge, with new reports of a confirmed debt offering.
Live updates
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SpaceX Stock Slides as Post-IPO Rally Cools
confidence 90%SpaceX shares continue to decline following a record-breaking IPO on June 12. The stock experienced three consecutive down days starting last week, with some reports citing a 10% drop on Monday. Investors are now reacting to a confirmed bond offering and governance concerns.
What's confirmed:
- SpaceX had a record breaking IPO on June 12.
- The company confirmed its first-ever bond issuance in a filing.
- SpaceX stock experienced three straight down days.
- The stock fell on Monday.
Still unconfirmed:
- Leveraged single-stock ETFs may be driving the tech sell-off rather than fundamentals.