SpaceX shares suffered a severe sell-off on Monday, tumbling 16.4% to close the session.
The sharp decline erased approximately $400 billion from the company’s market capitalization, marking the third consecutive day of heavy losses for Elon Musk’s aerospace and artificial intelligence firm.
The stock’s drop pushed the share price below its initial public offering level, a significant psychological and technical breach for the world’s most valuable private company now trading publicly.
The sustained selling pressure suggests that early investor enthusiasm is giving way to a more critical assessment of the company’s valuation multiples and execution risks.
This repricing comes as markets digest the broader implications of Musk’s sprawling business interests and the intense scrutiny surrounding his public profile.
The volatility highlights the challenges of valuing a company with such a high-growth, high-risk profile in a shifting macroeconomic environment.