SpaceX's capitalization slumps more than by $600 bn amid issuance of bonds

12:21 - 23.06.2026


June 23, Fineko/abc.az. Shares of US aerospace corporation SpaceX has demonstrated a fall for the third day in a row after announcement of the debut placement of investment-class bonds.

ABC.AZ reports with reference to Bloomberg that SpaceX quotes fell by 16%, falling to the level of $154.60 per share. In three sessions, the total drop reached 23%, as a result of which the giant lost more than $600 bn in market value. Company's current capitalization is estimated at just over $2 trillion.

Despite the high post-IPO volatility, the paper is traded 15% above the initial offering price ($135). Meanwhile, investment bank KeyBanc Capital Markets assigned a neutral "hold" recommendation to SpaceX shares, noting that company's future growth potential from integration with the AI startup xAI is already embedded in the current value.