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stocksJun 22, 2026, 5:48 PM

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

SpaceX (SPCX) shares plunged 10% on Monday, marking the stock's third consecutive decline after three straight sessions of gains following its public listing.

SPCX

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.

Source: FXStreet Forex News