SpaceX Loses $600 Billion In Rapid Fall, Far Exceeding India’s Top Billionaires’ Combined Wealth

23rd June 2026 at 1:05 PM

1 minute read

New York : Just days after becoming one of the world’s most valuable companies, Elon Musk’s SpaceX has seen a sharp fall in its value. The company has lost more than $600 billion in just three days of trading. To understand the scale, this loss is nearly three times the total wealth of India’s two richest people—Mukesh Ambani and Gautam Adani.

SpaceX shares dropped 16% on Monday to $154.60, the lowest level since its stock market debut. Over three days, the stock fell 23%, wiping out over $600 billion in value. Even after this fall, SpaceX is still worth more than $2 trillion, making it one of the most valuable companies in the world.

The drop came soon after a strong IPO that raised a record $75 billion and created huge excitement among investors. Many people rushed to buy shares, pushing the price up quickly. However, experts say the fast rise also led to profit-taking, where investors sold shares to lock in gains. Some analysts believe the stock price had gone too high too quickly compared to the company’s real business value.

There are also concerns about SpaceX’s big investments in artificial intelligence. The company is planning to raise $20 billion to support its AI projects and has signed major deals in this area. While some investors see AI as a big opportunity, others worry the company is expanding too fast. Retail investors played a big role in pushing the stock higher after the IPO, but buying has now slowed down.

Some analysts have started giving cautious ratings, saying that much of SpaceX’s future growth may already be reflected in its current price. Even after the big fall, SpaceX remains a trillion-dollar company, but investors are now questioning whether its high valuation is truly justified by future growth.