SpaceX (SPCX) Stock Falls 15%, Ends Three-Day Loss Streak
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPCX) shares dropped 15% on Monday, marking the third consecutive day of losses after an IPO that initially wowed investors. Following its June 12 debut, SpaceX's stock price surged, briefly surpassing both Amazon and Microsoft in market cap. However, it recorded consecutive declines of 5% and 3.6% on Wednesday and Thursday before the Juneteenth holiday. Despite this downturn, SpaceX retains a 37% gain since its IPO price of $135, as the company reported $100.8 billion in cash as of June 19.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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