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SpaceX shares tumble as post-IPO frenzy loses steam
Key takeaways
- Its shares were last down 8.8% to $174.8, after falling nearly 5% in the last session.
- Earlier this week, the market capitalization of SpaceX overtook that of Amazon, momentarily even surpassing that of Microsoft.
- Bloomberg News reports on Thursday that SpaceX bankers were preparing for a bond sale of at least $20 billion.
Space X shares tumble as post-IPO frenzy loses steam Reuters Fri, June 19, 2026 at 12:01 AM GMT+7 1 min read SPCX MSFT June 18 (Reuters) - Shares of Elon Musk s rockets-to-AI firm Space X dropped nearly 9% on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out.
Its shares were last down 8.8% to $174.8, after falling nearly 5% in the last session. Despite the losses, the stock still traded more than 29% above its $135 offering price.
Earlier this week, the market capitalization of SpaceX overtook that of Amazon, momentarily even surpassing that of Microsoft.
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