SpaceX's Historic Post-IPO Rally Loses Steam as Retail Frenzy Cools -- WSJ

Dow Jones06-17 23:15

By Hannah Erin Lang

The stunning rally in SpaceX shares is losing some steam.

The stock was trading 6% lower this morning, after a staggering rally that propelled shares nearly 50% above its IPO price in less than three full days of trading.

It may be that a frenetic wave of demand from individual investors is finally fizzling out. The rush of buy orders from everyday traders vying to get a piece of Elon Musk's rocket company has been nothing short of historic.

Individual investors have bought roughly the same amount of SpaceX stock over the past three sessions as they have shares of Nvidia, Alphabet, Amazon, Microsoft, Meta, the Invesco QQQ Trust exchanged-traded fund and the State Street SPDR S&P 500 ETF - combined.

"We're running out of superlatives to describe retail enthusiasm for SpaceX," Vanda analysts wrote.

After today's moves, SpaceX has dropped back below Amazon.com in terms of market cap. It is now the sixth largest U.S. public company.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 17, 2026 11:15 ET (15:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The rush of buy orders from everyday traders vying to get a piece of Elon Musk's rocket company has been nothing short of historic. \n</p>\n<p>\n     Individual investors have bought roughly the same amount of SpaceX stock over the past three sessions as they have shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, Alphabet, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, Microsoft, <a href=\"https://laohu8.com/S/META\">Meta</a>, the Invesco QQQ Trust exchanged-traded fund and the State Street SPDR S&amp;P 500 ETF - combined. \n</p>\n<p>\n     \"We're running out of superlatives to describe retail enthusiasm for SpaceX,\" Vanda analysts wrote. \n</p>\n<p>\n     After today's moves, SpaceX has dropped back below Amazon.com in terms of market cap. It is now the sixth largest U.S. public company. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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The rush of buy orders from everyday traders vying to get a piece of Elon Musk's rocket company has been nothing short of historic. \n\n\n     Individual investors have bought roughly the same amount of SpaceX stock over the past three sessions as they have shares of Nvidia, Alphabet, Amazon, Microsoft, Meta, the Invesco QQQ Trust exchanged-traded fund and the State Street SPDR S&P 500 ETF - combined. \n\n\n     \"We're running out of superlatives to describe retail enthusiasm for SpaceX,\" Vanda analysts wrote. \n\n\n     After today's moves, SpaceX has dropped back below Amazon.com in terms of market cap. It is now the sixth largest U.S. public company. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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