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SpaceX CEO Elon Musk, displayed on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite in New York on June 12, 2026. Timothy A. Clary/AFP via Getty Images
Shares of SpaceX, the rocket-to-artificial intelligence (AI) company, shaved off some of their initial public offering (IPO) gains to kick off the trading week.
The stock declined nearly 12 percent to around $162 on June 22, poised to register its third consecutive session loss. The company has now fallen close to 20 percent from its post-IPO high of about $202.
