SpaceX shares closed down -16.4% today, wiping out over $400 billion in market value.
The decline comes after the company officially launched its inaugural offering of senior unsecured notes on June 22, seeking to raise at least $20 billion.
SpaceX disclosed approximately $100.8 billion in cash and cash equivalents as of June 19, 2026.
$SPCX is now down -31.3% from its all-time high, having wiped out over $927 billion in market value in just 3 days, and is trading +14.5% above its IPO price.#USPostQuantumCryptographyDeadline2031 #SpaceXToJoinBloombergGlobalLargeCapIndex $SPCXB
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