SpaceX Stock Drops 10% in Largest Sell-Off Since Debut

SpaceX (SPCX) stock fell sharply on Monday, recording its largest single-day sell-off since it began trading publicly. The decline of roughly 10% was the third straight down session for the stock, following an initial three-day winning streak.

After hitting an all-time high of $225.64 last Tuesday, SPCX dropped to an intraday low of $165.00 on Monday. The price action represents a significant reversal from the stock's strong start.