parks
SpaceX stock takes a tumble, shedding most of its IPO gains in two weeks
By Benjamin Papp at KRON4 (KRON-TV)
· June 23, 2026
· 1 min read
(KRON) -- Less than two weeks after its blockbuster initial public offering, SpaceX has shaved off almost all its added value. Shares on Monday closed 16.4% lower than they started, now at $154.60 a piece. That trails a 3.6% drop on Thursday, and a 5% drop on Wednesday. American markets closed l...
Key takeaway 4% lower than they started, now at $154.
Why this matters in The San Francisco
The decline of SpaceX stock has significant implications for the San Francisco Bay Area, where the company has a notable presence. As a major player in the region's tech industry, SpaceX's financial performance can have a ripple effect on the local economy. With many SpaceX employees and contractors living and working in the area, a decline in the company's stock price could impact consumer spending and confidence in the region. Furthermore, the Bay Area's reputation as a hub for innovation and entrepreneurship may also be affected by the stock's poor performance. The city's business community will be watching closely to see how SpaceX responds to this setback and whether it can regain its momentum in the coming weeks. The company's ability to bounce back will be crucial in maintaining the region's reputation as a thriving tech hub.
About this story
Original reporting by KRON4 (KRON-TV) . The San Francisco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KRON4 (KRON-TV) . Have a tip or correction? Contact our newsroom .
Category: parks ·
Published: June 23, 2026 ·
Source: KRON4 (KRON-TV) ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? (KRON) -- Less than two weeks after its blockbuster initial public offering, SpaceX has shaved off almost all its added value. Shares on Monday closed 16.4% lower than they started, now at $154.60 a piece. That trails a 3.6% drop on Thursday, and a 5% drop on Wednesday. American markets closed l...
When was this published? This article was first published on June 23, 2026 by KRON4 (KRON-TV) and curated for The San Francisco readers.
Who reported this story? This story was reported by Benjamin Papp at KRON4 (KRON-TV). To learn more about how The San Francisco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more parks coverage from The San Francisco, or browse our daily briefing and topic hubs .
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