In recent market activity, SpaceX, a company founded by Elon Musk, has experienced a significant decline in stock value. The stock price fell by 16% on Monday, marking its third consecutive day of decline. This downturn has resulted in the stock closing below its price on the date of its initial public offering, which occurred on June 12.

Further details about this development are available from NBC 5 Dallas-Fort Worth. The decline has had a notable impact on the company's stock, with the value having tumbled 23% from its high.

More information can be found through NBC 5 Dallas-Fort Worth.