SpaceX (Space Exploration Technologies Corp.)

Company

Last mentioned: Jun 28, 2026

Timeline

  1. 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.

  2. Second Day of Losses

    The stock falls for a second consecutive session, accelerating worries about retail exhaustion and valuation excess.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

Stories mentioning SpaceX (Space Exploration Technologies Corp.) 1

Market Trends Very Bearish

SpaceX Loses $600B in 3 Days: What It Means for AI Startup Exits

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.

2 sources

About SpaceX (Space Exploration Technologies Corp.) coverage

This page surfaces every story mentioning SpaceX (Space Exploration Technologies Corp.) across our startup coverage. We track each entity's appearance over time so readers can trace how the narrative evolves — which developments are isolated incidents, which build into longer arcs, and which reframe how operators in the space think about the entity. Story selection uses the same multi-source verification gate applied across the rest of our coverage.

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