Space Exploration Technologies Corp. is trading 6.8% down at $178.75 in a sharp pullback as investors reassess rich valuations following its record-setting mid-June IPO and subsequent surge.
- Broader risk assets are under pressure from recent Federal Reserve signals, contributing to elevated volatility for the stock.
- The decline follows the commencement of options trading on June 16, 2026, as the market adjusts to the company's massive market debut.