June 23, 2026
SpaceX IPO - sharp changes in stock price
תמונת אילוסטרציה: chatgpt
SpaceX stock dropped by approximately 16% in recent days.
The decline came shortly after the company's major IPO.
SpaceX is Elon Musk's space company.
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About a week and a half ago, it sold shares to the public for the first time. Many investors bought the stock. Its price rose quickly in the first days of trading.
The significant rise boosted the company's valuation to over two trillion dollars. As a result, Elon Musk's personal wealth rose to over one trillion dollars. He became the first person in the world to reach such an amount.
But the excitement didn't last long. In recent days, many investors sold shares. The price dropped sharply. The decline erased a significant portion of the gains following the IPO.
Despite the drop, SpaceX is still one of the companies with the largest market valuations in the world. The company operates the Starlink internet service. It launches satellites and spacecraft. It leads a significant portion of private space activity worldwide.
Investors are now closely watching the company's financial results and waiting for developments.