{"id":719796,"date":"2026-06-22T20:11:09","date_gmt":"2026-06-22T20:11:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/719796\/"},"modified":"2026-06-22T20:11:09","modified_gmt":"2026-06-22T20:11:09","slug":"spacex-drops-more-than-10","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/719796\/","title":{"rendered":"SpaceX Drops More Than 10%"},"content":{"rendered":"<p class=\"storyParagraph\">&#13;<br \/>\n                                        SpaceX&#8217;s market fireworks are dimming. Shares slid another 10% Monday, extending a three-day retreat that has erased most gains for investors who jumped in after the company&#8217;s record-setting June 12 IPO, <a href=\"https:\/\/www.cnbc.com\/2026\/06\/22\/spacex-stock-ipo-rally-selloff.html\" rel=\"nofollow noopener\" target=\"_blank\">CNBC<\/a> reports. Shares fell 5% on Wednesday and another 3.6% on Thursday, with markets closed Friday for Juneteenth. The stock had briefly <a href=\"https:\/\/www.newser.com\/story\/391143\/spacex-overtakes-amazon-then-microsoft-briefly.html\" rel=\"nofollow noopener\" target=\"_blank\">vaulted SpaceX&#8217;s value<\/a> above Amazon and even Microsoft before reversing last week.&#13;\n                                    <\/p>\n<p class=\"storyParagraph\">&#13;<br \/>\n                                        The company disclosed a new senior unsecured notes offering on Monday and said it held $100.8 billion in cash and equivalents as of June 19. Despite a $4.9 billion loss last year and a $4.28 billion loss in this year&#8217;s first quarter, bullish investors are banking on Elon Musk&#8217;s long game\u2014one that helped mint thousands of new millionaires and made Musk a trillionaire. The company shed more than $220 billion in market capitalization as the stock price fell Monday, but shares are still around 23% above the IPO price, reports the <a href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-sp-500-nasdaq-06-22-2026\/card\/spacex-stock-tumbles-10--DEEm35crXVhfZsICuSGD\" rel=\"nofollow noopener\" target=\"_blank\">Wall Street Journal<\/a>.&#13;\n                                    <\/p>\n","protected":false},"excerpt":{"rendered":"&#13; SpaceX&#8217;s market fireworks are dimming. Shares slid another 10% Monday, extending a three-day retreat that has erased&hellip;\n","protected":false},"author":2,"featured_media":719797,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[11,160,6199,79,925,193,1513,6480,213127],"class_list":["post-719796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-elon-musk","tag-investors","tag-ipo","tag-science","tag-shares","tag-space","tag-spacex","tag-stock","tag-trillionaire"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/719796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=719796"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/719796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/719797"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=719796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=719796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=719796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}