EL7.AI
StocksMediumUpdated•Originally published 23 June 2026•Updated 23 June 2026•
1 min read

SpaceX Stock Crash Wipes $152 Billion Off Elon Musk's Wealth as Shares Rebound from Peak

Key Facts

1SpaceX shares entered a bear market just one week after its record-breaking initial public offering.
2SpaceX has become the most popularly traded big stock in the U.S., fueled largely by retail investor demand.

In a move reflecting the extreme volatility of newly listed aerospace firms, SpaceX shares have officially entered bear market territory following a precipitous decline. This crash resulted in a staggering $152 billion loss in Elon Musk's net worth within a single day. The downturn comes as the initial euphoria surrounding its record-breaking IPO fades, triggering a massive sell-off across retail and institutional desks.

Analyzing the price action, SPCX shares tumbled sharply from a newly confirmed all-time high of $225.80 to reach the $154 level. Per market data, this represents a peak-to-trough decline of over 30%, significantly outstripping the standard volatility seen in aerospace and defense peers. Compared to established giants like Boeing and Lockheed Martin, SPCX continues to exhibit a much higher beta, driven by concentrated retail positioning.

Investors should closely monitor the $154.6 level (at close June 22, 2026) after the stock tested intraday lows of $154. Looking ahead, the Fed Interest Rate Decision on June 17 (per the economic calendar) will be the primary catalyst for growth-sensitive valuations. Whether the stock can find a floor at these levels will depend heavily on stabilizing sentiment regarding Musk's leveraged net worth and broader market liquidity.