SpaceX Shares Drop as Post-Listing Enthusiasm Moderates

By EC Assets · Published 18 June 2026

SpaceX shares experienced a decline, with one report indicating a 6% drop amidst a cooling of post-listing enthusiasm. This follows earlier reports of a 5% sink in the stock. The company's stock previously saw a three-day rally. The recent decline occurred after SpaceX ended a three-day winning streak. Billions of dollars have entered SpaceX ETFs as retail investors have disregarded conventional valuation metrics. Some reports suggest a "FOMO" mentality has fueled interest in the company’s stock. SpaceX is considered significantly more expensive than any stock included in the S&P 500. Some retirement savers may already own SpaceX stock or will soon, potentially without their direct knowledge. The company's slide continued despite analysts reportedly raising target prices. SpaceX faces competition, with a rival firm securing a NASA Mars mission. A Mexican immigrant employed at SpaceX, earning $28 per hour as a welder, accumulated a stake exceeding $1 million. This article is intended for informational purposes only. It does not constitute investment advice.