business
SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out
By Rob Wile | NBC News at NBC 5 Dallas-Fort Worth (KXAS)
· June 22, 2026
· 2 min read
Shares of Elon Musk’s SpaceX tech conglomerate plunged 16% Monday to close below their price on June 12, the date of the company’s massive initial public offering.
It was its third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
At Mon...
Key takeaway It was its third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
Why this matters in The Trophy Club
The decline of SpaceX's stock price has significant implications for the local economy in Trophy Club , where many residents are invested in the tech industry. As a community within the Dallas-Fort Worth area, Trophy Club is closely tied to the fortunes of major tech companies like SpaceX. The company's massive initial public offering and subsequent market valuation of over $2 trillion make it a major player in the local business landscape. With many residents likely invested in SpaceX or working in related industries, the 23% decline in stock price could have a ripple effect on the local economy, potentially impacting consumer spending and business investment in the area. As the tech industry continues to evolve, Trophy Club residents will be watching closely to see how SpaceX's fortunes impact their own community's economic growth and development.
About this story
Original reporting by NBC 5 Dallas-Fort Worth (KXAS) . The Trophy Club 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 NBC 5 Dallas-Fort Worth (KXAS) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 22, 2026 ·
Source: NBC 5 Dallas-Fort Worth (KXAS) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Shares of Elon Musk’s SpaceX tech conglomerate plunged 16% Monday to close below their price on June 12, the date of the company’s massive initial public offering.
It was its third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
At Mon...
When was this published? This article was first published on June 22, 2026 by NBC 5 Dallas-Fort Worth (KXAS) and curated for The Trophy Club readers.
Who reported this story? This story was reported by Rob Wile | NBC News at NBC 5 Dallas-Fort Worth (KXAS). To learn more about how The Trophy Club selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Trophy Club, or browse our daily briefing and topic hubs .
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