SpaceX shares tick higher after two-day slump erases $600B
Key takeaways
- Monday s session alone erased roughly $400 billion in market value, the second-largest single-session loss on record after Nvidia s approximately $590 billion plunge last year.
- Despite the turbulence, SpaceX shares remain roughly 10% above their $135 IPO price.
Space X shares tick higher after two-day slump erases $600B Proactive Tue, June 23, 2026 at 10:54 PM GMT+7 1 min read SPCX NVDA Space X Corp (NASDAQ:SPCX) shares rose 2.5% on Tuesday, offering a partial reprieve after a brutal two-day selloff that wiped more than $600 billion from the rocket and satellite company s market value and marked one of the most dramatic reversals ever seen in a newly listed mega-cap stock.
The rebound follows a near-16% decline since the company s IPO earlier this month, pushing shares below their first-day opening price of $150 and threatening to pull the Elon Musk-led company s market capitalization below $2 trillion.
Monday s session alone erased roughly $400 billion in market value, the second-largest single-session loss on record after Nvidia s approximately $590 billion plunge last year.