SPCX falls to $165.00 after peaking at $225.64 last week, marking its steepest sell-off since trading began.
SpaceX (SPCX) stock fell 10% on Monday, its largest single-day decline to date, extending a three-session losing streak. The drop follows an initial three-day rally after its public debut, which had pushed shares to an all-time high of $225.64 last Tuesday.
The sell-off drove SPCX to an intraday low of $165.00, erasing nearly a quarter of its value from the recent peak. Prior sessions had seen modest gains, but Monday’s decline reversed that momentum amid broader market caution.
No immediate market reaction was specified, though the sharp pullback contrasts with the stock’s early trading optimism.