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SpaceX stock falls third day as post-IPO rally fades

SpaceX shares have fallen for three consecutive days, marking a pullback after an initial rally of roughly 40%. The stock has dropped below its trading debut open price and slipped below Amazon's valuation. Investors are reassessing the company's value amid broader tech volatility.

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What changed

The stock extended its losing streak into a third day, dropping 10% on Monday.

Live updates

  1. SpaceX Stock Drops for Third Straight Day as Post-IPO Rally Cools

    SpaceX shares have fallen for three consecutive days, marking a pullback after an initial rally of roughly 40%. The stock has dropped below its trading debut open price and slipped below Amazon's valuation. Investors are reassessing the company's value amid broader tech volatility.

    What's confirmed:

    • SpaceX stock has fallen for three consecutive days.
    • The stock experienced a roughly 40% run since the company went public.
    • Shares dropped 10% on Monday.
    • The stock has fallen below its trading debut open price.
    • The company's valuation has slipped below that of Amazon.

    Still unconfirmed:

    • Analyst skepticism is contributing to the three-day stock drop.
    • The stock has plunged to its lowest price since IPO day.
    • SpaceX shares fell 7% during the post-IPO pullback.
    • The stock dropped 6% over two days.
    • The stock fell 3.9% on June 23, 2026.
    confidence 85%