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SpaceX drops 16.43% as $400 billion selloff marks second-largest one-day loss

SpaceX drops 16.43% as $400 billion selloff marks second-largest one-day loss

Ark Invest bought about $32.5 million of SpaceX shares across four ETFs as the stock fell for a third straight session, while the company launched its first bond sale amid broader technology-stock weakness.

Fact Check
The core market-move claim is strongly corroborated. Benzinga and MarketWatch both confirm SpaceX (SPCX) fell 16.43% to $154.60 on June 22, 2026, wiping out over $400 billion in market value, with Benzinga explicitly calling it the second-largest one-day value decline for a U.S. company — matching the headline. CNBC, NPR, and SEC S-1 records confirm that, in this timeline, SpaceX completed a record $75 billion Nasdaq IPO on June 12, 2026 at $135/share under ticker SPCX, so the claim that SpaceX shares trade publicly is accurate. One framing nuance lowers confidence slightly: the claim calls SPCX 'a public proxy for exposure to the private company,' but SPCX is in fact SpaceX's own listed common stock, and SpaceX is no longer private. The specific Ark Invest purchase of nearly $32.5 million across four ETFs and the 23% three-session decline were not directly corroborated in the sources reviewed, but they are consistent with the documented selloff and do not contradict the primary evidence.
Summary

SpaceX shares fell 16.43% on Monday to $154.60, down from a June 16 peak of $225.64, in what the source described as a roughly $400 billion wipeout and the world’s second-largest single-day corporate loss. The decline marked the stock’s third straight losing session and came as U.S. technology shares, including the so-called Magnificent Seven, faced selling pressure. Ark Invest bought about $32.5 million of SpaceX shares, or 210,121 shares, across four ETFs during the selloff, while SpaceX also announced its first bond sale, with proceeds earmarked for bridge loan repayment and general corporate purposes.

Terms & Concepts
  • bond sale: A company’s offering of debt securities to raise money from investors.
  • bridge loan: Short-term financing used until longer-term funding or repayment is arranged.
  • ETF: An exchange-traded fund that holds a basket of assets and trades on an exchange.