SpaceX Stock (SPCX) Drops for Third Straight Day Amid Analyst Skepticism

Live updates

1. 1h ago

   SpaceX Stock Drops for Third Straight Day Following IPO Volatility

   SpaceX shares declined for three consecutive days after an initial rally of roughly 40%. The stock is facing pressure from profit-taking, valuation concerns, and a new debt offering. Investors are also reacting to a planned acquisition of the AI startup Cursor.

   What's confirmed:

   • SpaceX went public on June 12, 2026, issuing 555,555,555 shares at $135.00 per share.
   • The company priced a $25 billion bond sale.
   • Shares have fallen for three consecutive days after an initial rally of roughly 40%.
   • The stock has experienced volatility in its first two weeks as a public company.

   Still unconfirmed:

   • SpaceX is using public currency for a $60 billion all-stock acquisition of AI coding startup Cursor.
   • Launch delays and regulatory scrutiny contributed to a 2.81 percent drop in stock price.
   • The company's listing targeted a $1.75T valuation.
   • Thin float and upcoming lockup expirations are driving the share decline.
   • Refinancing could lower annual interest costs to $1.5 billion.
   confidence 90%
2. 4d ago

   SpaceX Stock Drops for Third Straight Day Following Debt Announcement

   Shares of SpaceX (SPCX) declined for three consecutive days after an initial rally following its June 12 IPO. The company revealed plans in a regulatory filing to sell investment-grade bonds to raise approximately $20 billion. This move comes amid analyst skepticism and market concerns regarding the company's cash burn rate.

   What's confirmed:

   • SpaceX went public on June 12.
   • The company ticker is SPCX.
   • SpaceX stock has dropped for three straight trading days.
   • A regulatory filing confirmed SpaceX plans to issue investment-grade bonds.
   • The bond offering aims to raise about $20 billion.

   Still unconfirmed:

   • The stock decline erased $600 billion in market value.
   confidence 90%