SpaceX stock sinks after breaking three-day winning streak
Key takeaways
- The slide comes after SpaceX edged past Amazon (AMZN) earlier this week to become the fifth-most-valuable stock, having briefly also climbed above Microsoft (MSFT) during Tuesday s trading.
- What else you need to know: The decline serves as an early indicator of whether the retail frenzy surrounding the launch is enough to justify a valuation that climbed three day in a row.
- Vanda Research noted SpaceX has topped the leaderboard as the most bought stock by retail investors for 3 consecutive sessions since its public debut last Friday.
Space X stock sinks after breaking three-day winning streak Ines Ferré · Senior Business Reporter Thu, June 18, 2026 at 7:48 PM GMT+7 1 min read SPCX AMZN MSFT What happened: Space X (SPCX) stock was poised to open lower on Thursday after breaking a three-day winning streak for the first time since the company s public debut.
What s behind the move: The stock fell more than 3% in premarket trading, extending the nearly 5% decline from the previous session after Fed Chair Kevin Warsh s press conference weighed on markets following the central bank s decision to leave interest rates unchanged.
The slide comes after SpaceX edged past Amazon (AMZN) earlier this week to become the fifth-most-valuable stock, having briefly also climbed above Microsoft (MSFT) during Tuesday s trading.