SpaceX Sheds More Than $900 Billion in Market Value as Post-IPO Rally Reverses

SpaceX shares extended their decline on Monday, falling 16.4% and bringing losses from recent highs to more than 30%, as investors continued to reassess valuations following one of the largest and most closely watched public offerings in market history.

The stock closed at $154.60, leaving shares only modestly above their post-IPO trading debut and significantly below the post-listing high of $225 reached earlier this month.

The decline has erased more than $900 billion in market value from SpaceX’s peak valuation, reducing the company’s market capitalization to approximately $2 trillion from nearly $3 trillion at its recent high.

Monday’s session alone accounted for roughly $400 billion in lost market value, according to market data.

Despite the pullback, SpaceX remains one of the most valuable publicly traded companies globally, following an IPO that raised approximately $86 billion and attracted significant investor demand.

The selloff was not limited to SpaceX. Broader technology stocks also came under pressure, with the Nasdaq Composite falling 1.3% as investors reduced exposure to high-growth and technology-related assets.

Several large-cap technology companies also moved lower during the session, including Alphabet, Amazon, and Broadcom, reflecting broader weakness across growth-oriented sectors.

International markets experienced similar volatility. South Korea’s Kospi Index fell sharply, while semiconductor and artificial intelligence-related stocks faced renewed selling pressure amid concerns about elevated valuations following strong gains earlier in the year.

The recent decline follows a period of rapid appreciation in SpaceX shares after the company’s public debut, highlighting continued volatility across technology and growth-oriented sectors.

The decline follows a period of rapid gains in SpaceX shares after the company’s public debut and occurred alongside broader weakness across technology and growth-oriented stocks.

Upcoming corporate disclosures, market data, and trading activity may offer additional context on the performance of SpaceX shares and the broader technology sector in the weeks ahead.