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SpaceX shares down 32% from record high, erase all initial gains
short by Vaishnavi Mishra / on Tuesday, 30 June, 2026
SpaceX shares have undergone a sharp correction after their record-breaking Wall Street debut earlier this month. The stock is down 32% from its post-listing peak to around $153, just above its opening price, erasing all post-listing gains. The initial rally had propelled Elon Musk's net worth past the $1 trillion mark, making him the first person to reach that milestone.
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