Shares of SpaceX continued to decline on Monday on the New York Stock Exchange, falling nearly 10% just ten days after the company’s historic initial public offering (IPO).

  

 

At around 18:30 GMT, the stock was down 10.38% at $165.80 per share, extending losses recorded during the previous two trading sessions.

 

Despite the decline, the stock remained approximately 22% above its IPO price since its public debut on June 12, when shares were initially priced at $135.

 

Market analyst Patrick O’Hare described the pullback as a “normal” technical correction following the stock’s strong gains during its first days of trading.

 

SpaceX remains among the world’s ten largest companies by market capitalization, ahead of Broadcom⁠ and Aramco⁠, with a market value of approximately $2.168 trillion.

 

However, questions have been raised about the profitability of the company led by Elon Musk. While revenue surged to $18.7 billion in 2025, representing a 33% year-on-year increase, operating costs rose at an even faster pace, resulting in a net loss of $4.9 billion.

 

On Monday, the company also officially announced a bond offering through which it hopes to raise $20 billion.