business
SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out
By Rob Wile | NBC News at NBC 5 Dallas-Fort Worth (KXAS) - Top Stories
· June 22, 2026
· 1 min read
Shares of Elon Musk’s SpaceX tech conglomerate plunged 16% Monday to close below their price on June 12, the date of the company’s massive initial public offering.
It was its third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
At Mon...
Key takeaway It was its third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
Why this matters in Frisco News
The decline of SpaceX's stock price has significant implications for the local economy in Frisco , where many residents are invested in the tech industry. As a hub for business and technology in the Dallas-Fort Worth area, Frisco's growth is closely tied to the performance of major tech companies like SpaceX. The company's massive initial public offering and subsequent market valuation of over $2 trillion made headlines, but the recent sell-off may give local investors pause. With many Frisco residents employed in the tech sector or invested in the stock market, the decline of SpaceX's stock price could have a ripple effect on the local economy. As the city continues to attract new businesses and residents, the performance of tech giants like SpaceX will be closely watched by local leaders and investors alike. The impact of SpaceX's stock price on Frisco's economy will be an important story to follow in the coming weeks.
About this story
Original reporting by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories . Frisco News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NBC 5 Dallas-Fort Worth (KXAS) - Top Stories . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 22, 2026 ·
Source: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Shares of Elon Musk’s SpaceX tech conglomerate plunged 16% Monday to close below their price on June 12, the date of the company’s massive initial public offering.
It was its third straight trading day of declines for a company that just 10 days ago orchestrated the largest IPO ever.
At Mon...
When was this published? This article was first published on June 22, 2026 by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories and curated for Frisco News readers.
Who reported this story? This story was reported by Rob Wile | NBC News at NBC 5 Dallas-Fort Worth (KXAS) - Top Stories. To learn more about how Frisco News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Frisco News, or browse our daily briefing and topic hubs .
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