SpaceX (SPCX) stock price experienced a sharp crash of 16.43% on June 22, 2026, days after its historic IPO, wiping nearly $600 billion from its valuation. Founder Elon Musk’s net worth fell by approximately $150 billion, an amount exceeding Warren Buffett’s total wealth. Analysts note similarities to Tesla’s (TSLA) post-IPO volatility, suggesting the correction was widely anticipated due to overvaluation concerns.
The stock price for SpaceX (SPCX) closed 16.43% lower, a drop of 30.40 points, on June 22, 2026. This sharp decline erased nearly $600 billion from the company’s market valuation shortly after its historic initial public offering.
Founder Elon Musk saw his net worth fall by about $150 billion amid this market correction. A tweet from Watcher.Guru stated, “For reference: Warren Buffet ($145B) is worth less than what Elon’s net worth fell in a single day.”
The event mirrors the post-IPO trajectory of Tesla (TSLA), which went public in 2010. TSLA’s stock price fell by nearly 70% in the months following its debut due to similar criticisms of overvaluation and an unproven business model.
Many analysts had anticipated a correction for SpaceX due to significant pre-IPO hype and an overbought condition. A primary risk factor remains the unlocking of additional shares, as insiders will become eligible to sell after the mandatory lock-up period expires.
Long-term holders of Tesla eventually saw substantial gains despite years of volatility. Market observers now speculate whether SpaceX could follow a similar long-term pattern after its initial dramatic sell-off.
