SpaceX closes down 16.43%, falls below IPO first-day closing price, market cap evaporates nearly $400 billion in a single day

CoinFeed June 23 news, according to Daily Economic News, on June 23, SpaceX closed down 16.43%, falling below the IPO first-day closing price, with market cap evaporating nearly $400 billion in a single day, setting the second-largest single-day market cap loss record for a global company in history. This marks three consecutive trading days of decline for SpaceX since its listing, with a cumulative drop of over 23% and market cap evaporation exceeding $600 billion. However, as of the close on the 23rd, the stock is still 14.5% higher than the $135 IPO issue price, with a market cap of $2.03 trillion.