What Happened
Elon Musk's Space Venture Faces Volatility After Record Debut
SpaceX’s stock has experienced significant volatility since its record-breaking IPO in June, with its market capitalization declining by $1.2 trillion. The company’s stock advanced 2.5% on Tuesday, but remains down 48% from its peak. Other major IPOs in 2026, such as HawkEye 360 and Cerebras Systems, have also faced challenges in the public markets. This was reported by Investor’s Business Daily.