---
title: "SpaceX stock drops again after rally following blockbuster IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290410806.md"
description: "SpaceX shares dropped over 3% in premarket trading on Monday, continuing a selloff following its record-breaking IPO on June 12. After surging past Amazon and Microsoft's market caps initially, the stock fell 5% and 3.6% on Wednesday and Thursday. Despite the recent decline, shares remain up 37% from their debut price of $135."
datetime: "2026-06-22T09:04:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290410806.md)
  - [en](https://longbridge.com/en/news/290410806.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290410806.md)
generator: "portal-rs"
---

# SpaceX stock drops again after rally following blockbuster IPO

SpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO.

Shares in the company were down 3.53% at 5:04 a.m. ET.

Elon Musk's space and artificial intelligence firm became one of the world's most valuable companies after a blockbuster listing on June 12. Stock surged in SpaceX's first two full days as a public company, with market cap surpassing Amazon and — briefly — Microsoft on Tuesday, before falling back below both. 

Shares sank 5% and 3.6% on Wednesday and Thursday last week, before the Juneteenth holiday on Friday.

The stock was still up 37% at market close on Thursday since its historic debut, which offered shares at a set price of $135.

***This is a developing story. Refresh for updates.***

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**