SpaceX market value falls $400bn as debut rally unravels
The decline reverses the initial surge seen during the company’s Nasdaq debut on 11 June 2026, wiping approximately $400bn from its market capitalisation.
Shares in Elon Musk’s AI and rocket group have fallen more than 16%, erasing approximately $400bn from the company’s market value. The decline follows a fresh rise in US bond yields, which has triggered a reversal of the initial rally observed during the company’s debut trading day.
SpaceX commenced trading on the Nasdaq on 11 June 2026 at $150 per share, following an initial public offering priced at $135. The offering raised approximately $75 billion, valuing the company at around $1.77 trillion. On its debut day, shares rose up to 27% to reach $172 in early trading before settling around $166.
The recent drop in share price and market capitalisation occurred after the initial surge on 11 June 2026. The market reaction is attributed to rising US bond yields impacting investor sentiment towards high-growth tech and aerospace stocks.
The debut coincided with modest gains in US equity markets and positive signals regarding an interim peace deal between the US and Iran. However, the subsequent rise in bond yields has shifted focus, leading to the current correction in SpaceX’s valuation.
The specific drop in share price and market capitalisation occurred after the initial surge on 11 June 2026. The market reaction is attributed to rising US bond yields impacting investor sentiment towards high-growth tech and aerospace stocks.
