SpaceX Shares Down Nearly 20 Percent From Post-IPO High

SpaceX CEO Elon Musk, displayed on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX’s initial public offering at the Nasdaq MarketSite in New York City on June 12, 2026. Timothy A. Clary/AFP via Getty ImagesShares of SpaceX, the rocket-to-artificial intelligence (AI) company, shaved off some of their initial public offering (IPO) gains to kick off the trading week.The stock declined by nearly 12 percent to about $162 on June 22, poised to register its third consecutive session loss. The company has now fallen by close to 20 percent from its post-IPO high of about $202.