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SpaceX stock extends losses after 16.43% drop as Ark buys shares

SpaceX stock extends losses after 16.43% drop as Ark buys shares

Shares fell to $154.60 in a third straight losing session after sliding 16.43% from a June 16 peak, while Ark Invest bought about 210,121 shares worth roughly $32.5 million and the company launched its first bond sale.

Fact Check
All specific quantitative claims are corroborated by multiple authoritative financial sources. Investopedia confirms the 16% fall to $154.60 on Monday June 22, 2026 — the lowest close since the June 12 IPO. Yahoo Finance confirms the 16.4% drop in a three-day (third straight) losing session, erasing most IPO gains (shares left only ~14% above the $135 IPO price). Benzinga confirms Ark Invest's purchase of 210,121 SPCX shares for ~$32.5 million and the simultaneous first SpaceX bond sale. The precise figures (16.43%, $154.60, $32.5 million) match across independent sources, making the claim highly reliable within this June 2026 context where SpaceX has become publicly traded under ticker SPCX.
Summary

SpaceX shares remained under pressure after falling 16.43% on Monday to $154.60 from a June 16 peak of $225.64, extending the retreat to a third straight losing session and erasing most post-IPO gains, though the stock stayed above its $135 IPO price. During the selloff, Ark Invest bought about 210,121 shares across four ETFs for roughly $32.5 million, a purchase described by reports as adding to an existing post-IPO position as Cathie Wood viewed the pullback as a buying opportunity. The decline came amid broader weakness in U.S. technology stocks, while SpaceX also announced its first bond sale to repay a bridge loan and for general corporate purposes.

Terms & Concepts
  • IPO: Initial public offering of shares.
  • ETF: An exchange-traded fund that holds a basket of assets and trades on an exchange.
  • bridge loan: Short-term financing used until longer-term funding or repayment is arranged.