SpaceX Shares Drop Over 30% to $156 Triggering Bubble Risk Warning
SPCX•SpaceX shares fell over 30% from a June 16 intraday high of $225 to about $156 by June 23, erasing roughly $240 billion from Elon Musk’s wealth and dropping his net worth to $957 billion. KB Securities warns that high capital expenditures and future-dependent valuations in robotics and space stocks pose bubble risks.
1. SpaceX Stock Plunge and Musk’s Wealth Impact
By June 23, SpaceX shares had retreated from a June 16 intraday peak of $225 to trade near $156, marking a decline of over 30% and wiping out approximately $240 billion of Elon Musk’s net worth. That slump cut his fortune to $957 billion—costing him the trillionaire status he achieved when SpaceX debuted at $150—and left his SpaceX holdings valued at about $744 billion, roughly 80% of his wealth.
2. Analyst Warns of Bubble Risk in Robotics and Space
KB Securities analyst Euntaek Lee cautions that thematic sectors like robotics and space may mirror late-stage dot-com dynamics, with stocks reliant on future earnings forecasts or heavy capital spending most vulnerable. SpaceX’s 2025 results showed a $4.9 billion operating deficit and its AI division burned $12.7 billion in capex, while an approaching lock-up expiration for early investors will test market confidence.
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