📈 Stocks & Economy🌐 Global
SpaceX Shares Crash 16% in Single Day After Debt Offering Reveals $100 Billion Cash Pile
Yahoo! Finance·Tuesday, 23 June 2026
SpaceX shares fell more than 16% in their biggest single-day decline, weighing heavily on the Nasdaq. The company launched its first-ever debt offering on Monday and disclosed it had roughly $100 billion in cash and cash equivalents. The sell-off dragged the S&P 500 down more than a third of a percent, while the Nasdaq dropped over 1.3%.
Why It Matters
SpaceX's post-IPO volatility is a warning for retail investors globally who chased one of the most hyped stock debuts in market history. The ripple through the Nasdaq also affects globally diversified portfolios.
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