June 22, 2026 - 17:54

SpaceX shares took another sharp hit on Monday, putting the company on track for three consecutive days of losses. The steep decline has wiped out the majority of the gains the stock had racked up since its initial public offering earlier this month.
The stock fell 16.4% in a single session, marking one of its worst trading days since the highly anticipated debut. Investors who bought in at the IPO peak have now seen most of their paper profits vanish, as the initial euphoria gives way to a more sober assessment of the company's near-term prospects.
Adding to the market pressure, SpaceX confirmed its first-ever bond issuance in a regulatory filing. The move signals that the company is looking to raise debt capital alongside its public equity, a strategy that some analysts interpret as a need for additional cash to fund its ambitious Starship development and Starlink satellite expansion. While bond offerings are common for capital-intensive aerospace firms, the timing has raised questions about whether the IPO proceeds were sufficient to cover the company's massive spending plans.
The selloff has also been fueled by broader market jitters in the tech and space sectors. Investors are recalibrating their expectations after the stock's explosive first few days of trading, which pushed the valuation to levels that some called unsustainable. With the recent slide, SpaceX's market capitalization has fallen back closer to its original listing price, though it still remains well above the private valuations it commanded before going public.
Trading volume remained heavy on Monday, suggesting that institutional investors are still adjusting their positions. Whether the stock can find a floor in the coming days will likely depend on the company's next earnings report and any updates on its production timelines for the Starship rocket.
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