{"id":745289,"date":"2026-06-18T16:10:13","date_gmt":"2026-06-18T16:10:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/745289\/"},"modified":"2026-06-18T16:10:13","modified_gmt":"2026-06-18T16:10:13","slug":"spacex-stock-drops-after-breaking-3-day-winning-streak-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/745289\/","title":{"rendered":"SpaceX stock drops after breaking 3-day winning streak"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">What happened: SpaceX (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/SPCX\/\" data-i13n=\"slk:SPCX;cpos:1;pos:1\" data-ylk=\"slk:SPCX;slk:SPCX;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;1&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;SPCX&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">SPCX<\/a>) stock tumbled more than 6% on Thursday after breaking a <a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/spacex-heads-toward-fourth-day-082223913.html\" data-i13n=\"cpos:2;pos:1\" data-ylk=\"slk:three-day winning streak;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;2&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;three-day winning streak&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">three-day winning streak<\/a> for the first time since the company&#8217;s public debut.<\/p>\n<p class=\"yf-1fy9kyt\">What&#8217;s behind the move: The stock extended losses of nearly 5% in the previous session after Fed Chairman Kevin Warsh&#8217;s press conference weighed on markets following the central bank&#8217;s decision to leave interest rates unchanged.<\/p>\n<p class=\"yf-1fy9kyt\">The slide comes after SpaceX edged past Amazon (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/AMZN\/\" data-i13n=\"slk:AMZN;cpos:3;pos:1\" data-ylk=\"slk:AMZN;slk:AMZN;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;3&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;AMZN&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">AMZN<\/a>) earlier this week to become the fifth-most-valuable stock, having briefly also climbed above Microsoft (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/MSFT\/\" data-i13n=\"slk:MSFT;cpos:4;pos:1\" data-ylk=\"slk:MSFT;slk:MSFT;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;4&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;MSFT&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">MSFT<\/a>) during Tuesday&#8217;s trading.<\/p>\n<p class=\"yf-1fy9kyt\">What else you need to know: The decline may serve as an indicator of whether the retail frenzy surrounding the launch is enough to justify a valuation that climbed three days in a row.<\/p>\n<p class=\"yf-1fy9kyt\">Vanda Research recently noted that SpaceX has topped the leaderboard as the most-bought stock by retail investors for three consecutive sessions since its public debut last Friday.<\/p>\n<p class=\"yf-1fy9kyt\">The firm noted SpaceX is starting to trade like a &#8220;Magnificent Seven&#8221; stock.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;Retail investors have bought roughly the same amount of SPCX over the last 3 sessions as they have bought NVDA, GOOGL, AMZN, MSFT, META, QQQ and SPY combined,&#8221; said the note.<\/p>\n<p>   <a class=\"subtle-link fin-size-small      yf-119g04z\" data-ylk=\"elm:navcat;elmt:link;itc:0;sec:curated-link-module\" data-yga=\"{&quot;yLinkElement&quot;:&quot;navcat&quot;,&quot;yLinkElementType&quot;:&quot;link&quot;,&quot;yModuleName&quot;:&quot;curated-link-module&quot;}\" href=\"https:\/\/finance.yahoo.com\/quote\/SPAX.PVT\/\" aria-label=\"Dive deeper into the SpaceX IPO\" rel=\"nofollow noopener\" target=\"_blank\">    <\/a>    <\/p>\n<p data-testid=\"typography\" class=\" type-body-md-reg    yf-gjjls9\">The public debut of Elon Musk&#8217;s rocket and AI company is expected to make history. <\/p>\n<p> <a class=\"loud-link fin-size-small tw-t-full     yf-119g04z\" data-ylk=\"elm:img;elmt:link;itc:0;ct:story;g:e03f914d-59d9-4739-acc8-021c162996a3;sec:curated-link-module;cpos:0\" data-yga=\"{&quot;yLinkElement&quot;:&quot;img&quot;,&quot;yLinkElementType&quot;:&quot;link&quot;,&quot;yContentType&quot;:&quot;story&quot;,&quot;yDestinationContentUUID&quot;:&quot;e03f914d-59d9-4739-acc8-021c162996a3&quot;,&quot;yModuleName&quot;:&quot;curated-link-module&quot;,&quot;yLinkPosition&quot;:0}\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/article\/spacex-stock-jumps-nearly-20-following-largest-ipo-ever-101955001.html\" rel=\"nofollow noopener\" target=\"_blank\"> <img decoding=\"async\" class=\"tw-bg-opacity-25 tw-w-full yf-1ev0m0b\" alt=\"SpaceX stock jumps nearly 20% following largest IPO ever\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/https:\/\/d29szjachogqwa.cloudfront.net\/images\/user-uploaded\/spacex-ipo-thumbnail_7063.png\"  fetchpriority=\"auto\" loading=\"eager\"\/>  <\/a>    <\/p>\n<p class=\"yf-1fy9kyt\">Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at <a class=\"link \" href=\"https:\/\/twitter.com\/ines_ferre\" data-i13n=\"cpos:5;pos:1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@ines_ferre;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;5&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;@ines_ferre&quot;,&quot;yHasCommerce&quot;:false}\">@ines_ferre<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/tech\" data-i13n=\"cpos:6;pos:1\" data-ylk=\"slk:Click here for the latest technology news that will impact the stock market;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;6&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Click here for the latest technology news that will impact the stock market&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Click here for the latest technology news that will impact the stock market<\/a><\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/news\/\" data-i13n=\"cpos:7;pos:1\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Finance;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;7&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the latest financial and business news from Yahoo Finance&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Read the latest financial and business news from Yahoo Finance<\/a><\/p>\n<p>   <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"What happened: SpaceX (SPCX) stock tumbled more than 6% on Thursday after breaking a three-day winning streak for&hellip;\n","protected":false},"author":2,"featured_media":745290,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,35755,267060,6888,49455],"class_list":["post-745289","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-kevin-warsh","tag-public-debut","tag-spacex","tag-winning-streak"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/745289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=745289"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/745289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/745290"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=745289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=745289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=745289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}