SpaceX Shares Plunge 35% Wiping $600B, Short Bets Surge

PSPAC•2026-06-24

SpaceX shares have tumbled 35% in a week, erasing over $600 billion in market value since its June 12 debut. Short interest has increased as investors weigh rapid declines against a previously $1.77 trillion peak valuation and mounting AI-related risks.

1. One-Week Plunge Erases Over $600 Billion

Since its June 12 market debut, SpaceX shares have collapsed 35% within seven trading days, slashing more than $600 billion from the company’s valuation and triggering widespread profit-taking.

2. Short Selling Bets Increase

Short sellers have ramped up positions on further declines following the steep post-IPO selloff, with bearish investors targeting additional downside as price momentum stays weak.

3. Valuation Peak and AI Risk Concerns

SpaceX’s valuation peaked at $1.77 trillion on debut, but investors are now reassessing growth projections as AI adoption risks mount and traditional orbital revenue forecasts face renewed scrutiny.