SpaceX's stock fell more than 3% in premarket trading on Monday, continuing a downward trend after a strong IPO on June 12. The shares were down 3.65% at 5:15 a.m. ET, following a 5% drop on Wednesday and a 3.6% decline on Thursday of the previous week.
Despite the initial surge that briefly positioned SpaceX's market cap above Amazon and Microsoft, the stock has since retreated, leaving many investors who bought shares post-IPO with diminished gains. The company reported a net loss of $4.9 billion in 2025 and $4.28 billion in the first quarter of this year, which raises questions about its long-term profitability.
Nevertheless, the IPO has significantly increased Elon Musk's wealth, making him the world's first trillionaire and creating numerous new millionaires among shareholders. Investors remain hopeful about Musk's ability to drive future returns, but the recent selloff highlights the risks associated with investing in high-profile IPOs