India, June 22 -- SpaceX shares dropped over 10% because the company announced a massive debt offering to raise at least $20 billion. Investors are also reacting to looming post-IPO lockup expirations for insiders, valuation skepticism from Wall Street analysts following recent massive tech acquisitions, and profit-taking after its historic initial public offering.

Here's everything you need to know about SpaceX Shares Down Today and more.

Why SpaceX Shares Down Today?

SpaceX (SPCX) shares are currently experiencing significant volatility following the largest initial public offering (IPO) in history on June 12, 2026. After a record-breaking $75-$86 billion offering priced at $135 per share, the stock rocketed to a peak close of $201.8...