{"id":1595,"date":"2026-06-22T17:37:16","date_gmt":"2026-06-22T17:37:16","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=1595"},"modified":"2026-06-22T17:37:16","modified_gmt":"2026-06-22T17:37:16","slug":"spacexs-share-drop-rolls-on-as-it-raises-more-money-to-fund-elon-musks-cosmic-ambitions","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=1595","title":{"rendered":"SpaceX’s share drop rolls on as it raises more money to fund Elon Musk’s cosmic ambitions"},"content":{"rendered":"
\n

First, they had lift-off; now, they’re coming back to Earth with a bump.<\/p>\n

SpaceX shares dropped for a third consecutive trading day on Monday, extending a pullback after the Elon Musk-led company’s mega IPO earlier this month.<\/p>\n

Read more Why venture capitalist Chamath Palihapitiya is getting roasted for saying possessions are \u2018worthless\u2019<\/a><\/p>\n

The company’s stock price was down more than 5% shortly after the market opened on Monday, dropping $10 to $175 per share. It then continued to drop, hovering at around $165 per share \u2014 a roughly 10% fall \u2014 by late morning.<\/p>\n

Across last Wednesday and Thursday, SpaceX dropped more than 8% ahead of US markets closing Friday for the Juneteenth holiday.<\/p>\n

The sell-off follows a meteoric rally that last week briefly pushed SpaceX’s valuation close to $3 trillion, leapfrogging Amazon and Microsoft to become the fourth-most valuable company in the world. As of Thursday’s close, its market capitalization was $2.4 trillion.<\/p>\n

SpaceX’s public market debut on June 19, the biggest IPO in history, saw the stock jump 19% in its first day of trading, cementing Musk as the first-ever trillionaire. Retail traders piled into SpaceX stock in the days after the IPO as they looked to get a piece of the rocket, AI, and satellite company.<\/p>\n

Read more I interviewed Alan Greenspan 10 years ago. His lessons about \u2018irrational exuberance\u2019 ring true now more than ever.<\/a><\/p>\n

Even with the recent decline, SpaceX shares are still up nearly 30% from their IPO price.<\/p>\n

Some analysts questioned SpaceX’s valuation \u2014 about $1.75 billion to $1.77 trillion \u2014 going into last week’s blockbuster IPO. The company posted a $4.9 billion loss<\/u> in 2025 on revenue of $18.7 billion.<\/p>\n

SpaceX raised $85.7 billion in its IPO, but the company is still seeking more money to pursue Musk’s cosmic ambitions, which include putting humans on Mars. In a Monday filing, SpaceX said it’s raising more cash from bond sales to repay a bridge loan, adding that it held about $100.8 billion in cash and cash equivalents as of June 19.<\/p>\n

Read more Delivery robot startup Robot.com is betting its next act on workplace humanoids<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

SpaceX shares dropped for a third consecutive trading day on Monday, extending a pullback after the Elon Musk-led firm’s mega IPO earlier this month.<\/p>\n","protected":false},"author":1,"featured_media":1594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-1595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"yoast_head":"\nSpaceX's share drop rolls on as it raises more money to fund Elon Musk's cosmic ambitions - American home journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanhomejournals.com\/?p=1595\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX's share drop rolls on as it raises more money to fund Elon Musk's cosmic ambitions - 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