SpaceX stock tumbles 16.4%, shaving off most IPO gains since debut

> SpaceX (SPCX) stock tumbled again on Monday, giving it three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing. > SpaceX shares closed down 16.4% on Monday, the biggest down day for the newly debuted stock, following a 3.6% drop on Thursday (US markets were closed on Friday for the Juneteenth national holiday) and a 5% drop on Wednesday. The three-day losing streak caps a big pop in the stock following its IPO and first day of trade on June 12. > Shares are now up only 14% from SpaceX's IPO price of $135. Note that shares opened at $150 on their first trade. At one point during the stock's run-up to a high of around $225 a share, SpaceX topped Amazon (AMZN) and even Microsoft (MSFT) to become the fourth-most-valuable public company. https://finance.yahoo.com/markets/stocks/article/spacex-stock-tumbles-164-shaving-off-most-ipo-gains-since-debut-141725657.html