SpaceX shares fell 4.31% in Monday premarket trading, extending a multi-day slide that has wiped out most gains for investors who bought after its record-breaking June 12 IPO.
SpaceX just can’t catch a break. Shares slid another 4.31% before Monday’s opening bell, piling onto drops of 5% and 3.6% last week, CNBC reported, per Nairametrics.
The stock’s still up 37% from its $135 IPO price — but for anyone who jumped in after the debut, most of those gains are gone.
Remember the hype? SpaceX briefly leapfrogged Amazon and Microsoft in market value right after going public. Now reality’s setting in: the company posted a $4.9 billion net loss in 2025, followed by a $4.28 billion loss in Q1 2026.
Investors still aren’t blinking, though — Musk’s long-term vision remains the bet. The IPO itself was historic: $75 billion raised against $150 billion in demand, the largest offering ever.
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