SpaceX shares tick higher after two-day slump erases $600B

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Tue, June 23, 2026 astatine 10:54 AM CDT 1 min read

SpaceX Corp (NASDAQ:SPCX) shares roseate 2.5% connected Tuesday, offering a partial reprieve aft a brutal two-day selloff that wiped much than $600 cardinal from the rocket and outer company's marketplace worth and marked 1 of the astir melodramatic reversals ever seen successful a recently listed mega-cap stock.

The rebound follows a near-16% diminution since the company's IPO earlier this month, pushing shares beneath their first-day opening terms of $150 and threatening to propulsion the Elon Musk-led company's marketplace capitalization beneath $2 trillion.

Monday's league unsocial erased astir $400 cardinal successful marketplace value, the second-largest single-session nonaccomplishment connected grounds aft Nvidia's astir $590 cardinal plunge past year.

"SpaceX shedding much than $600 cardinal successful worth and implicit 30% from its post-IPO highest marks 1 of the astir melodramatic reversals ever seen successful a recently listed mega-cap stock, dragging the full exertion assemblage down with it," said Axel Rudolph, main method expert astatine IG.

Despite the turbulence, SpaceX shares stay astir 10% supra their $135 IPO price.

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