The Guardian24 Jun 2026Macro
Automatically composed with AI from the cited sources
SpaceX shares fell to $154.00 on 24 June, down from a $225 peak on 16 June and following a 16% single-day drop on Monday, with a strategist attributing the sell-off partly to confirmation of a planned $20bn bond sale. Musk’s roughly 40% SpaceX stake had briefly made him the world’s first trillionaire at the $225 high; the decline leaves the stock just 14% above the $135 IPO price, below the $176 first-day close on 12 June. It marks the first time the stock has traded below $160 since that debut session and comes twelve days after the $2.1tn IPO that created the trillionaire status.
Context
It marks the first time the stock has traded below $160 since that debut session and comes twelve days after the $2.1tn IPO that created the trillionaire status.
