Business SpaceX Shares Fall For Third Straight Day, Erasing Over $600 Billion In Market Value Adarsh SinghJune 23, 2026013 views SpaceX Stock Faces Sharp Post-IPO Correction Shares of Elon Musk led SpaceX declined for a third consecutive trading session on Monday, extending a sharp selloff that has wiped out more than $600 billion in market value over the past three days. The stock fell 16% to close at $154.60, marking its lowest level since the company debuted on public markets. Despite the steep correction, SpaceX continues to command a market capitalization of more than $2 trillion, making it one of the world’s most valuable companies. The decline comes shortly after the company’s record breaking $75 billion initial public offering and follows growing investor concerns around valuation, future capital requirements, and aggressive artificial intelligence investments. Bond Offering Raises Questions About Funding Needs Investor sentiment weakened further after SpaceX announced plans to issue investment grade bonds for the first time in its history. According to reports, the company is seeking to raise at least $20 billion through the bond market as part of a broader financing strategy aimed at supporting its expanding artificial intelligence ambitions. Market participants interpreted the move as a signal that SpaceX may require significant capital to fund future projects, including AI infrastructure, computing resources, satellite networks, and advanced technology development. The bond sale is expected to be one of the largest corporate fundraising exercises undertaken by the company since its public debut. Telegram Services Restored In India After Temporary Neet-UG Restrictions READ MORE AI Expansion Becomes Major Investor Focus A key driver behind investor scrutiny is SpaceX’s increasing focus on artificial intelligence. Earlier this year, the company strengthened its AI ambitions through the acquisition of Elon Musk’s artificial intelligence venture xAI. More recently, SpaceX announced a multibillion dollar agreement to provide computing resources to Reflection AI, highlighting its growing commitment to the AI sector. The company’s AI strategy has drawn comparisons with other leading artificial intelligence firms such as OpenAI and Anthropic, both of which are reportedly preparing for public listings with potential valuations approaching $1 trillion. Investors are now evaluating whether SpaceX can successfully balance its traditional space business with its rapidly expanding AI operations. Retail Investors Remain Active Buyers Despite the recent decline, retail investor interest in SpaceX remains exceptionally strong. Data from Vanda Research showed that individual investors purchased a net $405 million worth of SpaceX shares during the first five trading sessions after its IPO. The buying activity exceeded combined retail purchases across all Magnificent Seven technology stocks during the same period. Even during Monday’s selloff, retail investors remained net buyers of the stock, although inflows were lower than the levels seen immediately after the company’s market debut. The strong retail participation reflects widespread enthusiasm for Elon Musk led companies and investor confidence in SpaceX’s long term growth potential. Analysts See Limited Near-Term Upside Adding to market caution, KeyBanc Capital Markets initiated coverage of SpaceX with a sector weight rating, effectively a neutral recommendation. Analysts acknowledged SpaceX’s leadership position in space launches, satellite communications, and emerging technology sectors. However, they suggested that much of the company’s future growth potential may already be reflected in its current valuation. According to the brokerage, SpaceX continues to possess significant disruptive opportunities across multiple industries, but the current risk reward balance appears relatively even following its extraordinary valuation surge. Long-Term Outlook Remains Strong Although the stock has experienced substantial volatility since listing, SpaceX remains approximately 15% above its IPO price of $135 per share. The company continues to dominate the global space launch market through its reusable rocket technology, Starlink satellite network, and growing presence in artificial intelligence infrastructure. While short-term investors are reassessing valuation levels and capital requirements, long-term supporters continue to view SpaceX as one of the most influential technology and aerospace companies of the decade. The coming months will likely determine whether investor enthusiasm for SpaceX’s AI ambitions can offset concerns surrounding its ambitious spending plans and premium valuation.