Last mentioned: Jun 28, 2026
Third Day Selloff and $600B Wiped Out
SpaceX stock plunges 16% to $154.60, completing a 23% three-day rout that erases over $600 billion in market cap. The company also announces a multibillion-dollar cloud computing agreement with AI startup Reflection AI.
Second Day of Losses
The stock falls for a second consecutive session, accelerating worries about retail exhaustion and valuation excess.
First Day of Stock Decline
SpaceX shares begin a three-day slide as initial IPO euphoria starts to fade and concerns over debt financing emerge.
Bond Offering Announced
Bloomberg reports that SpaceX is planning its first investment-grade bond sale, aiming to raise at least $20 billion to fund its AI ambitions.
Record $75 Billion IPO
SpaceX goes public in the largest IPO in history, raising $75 billion and floating just 4.2% of total shares at $135 each. Trading begins amid intense retail demand.
SpaceX Acquires xAI
In a pivotal move into artificial intelligence, SpaceX completes the acquisition of Elon Musk's AI venture xAI, setting the stage for a broader AI push.
SpaceX's post-IPO collapse erased $600B in market value in just three days, highlighting the volatility that can greet mega-unicorns tapping public markets. With Anthropic and OpenAI eyeing $1T IPOs, the retreat of retail buyers and a pivot to debt financing offer a cautionary tale for venture-backed AI companies planning exits.
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Read our editorial methodology for how we identify, deduplicate, and score entity references. Our glossary defines the technical terms used across stories on this page, and our trends index contextualizes individual developments against the longer-running startup beat. Cross-entity comparisons live on our compare view.
| What you see | What it tells you |
|---|---|
| Story count | Number of distinct stories where JonesTrading was a primary or referenced actor. |
| Recency clustering | Whether mentions are concentrated in a recent window (a news cycle) or distributed (a sustained arc). |
| Sentiment distribution | Aggregate sentiment of the stories mentioning this entity, weighted by impact score. |
| Cross-niche links | When the same entity surfaces in our sibling networks, we link to those views to enrich context. |