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SpaceX Shares Slide 16% After $20 B Note Sale

6/23/2026

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Summary

Story summary

SpaceX shares fell 16% on Monday, closing at $154.60.
The company announced an unsecured notes sale to raise at least $20 billion.
SpaceX reported $100.8 billion in cash as of June 19.
SpaceX founder Elon Musk’s 38% stake cut his net worth from $1.45 trillion to just under $1.1 trillion.
MSCI gave SpaceX a CCC ESG rating.

History

Historical Context

The International Space Station began with the launch of Zarya on 20 November 1998, a joint U.S.–Russian effort that grew into a $150 billion program involving NASA, Roscosmos and ESA. That massive public-sector financing set a precedent for relying on large private capital, a model echoed today as SpaceX seeks billions of dollars in unsecured notes to fund its ambitious missions.

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Story summary

SpaceX shares fell 16% on Monday, closing at $154.60.
The company announced an unsecured notes sale to raise at least $20 billion.
SpaceX reported $100.8 billion in cash as of June 19.
SpaceX founder Elon Musk’s 38% stake cut his net worth from $1.45 trillion to just under $1.1 trillion.
MSCI gave SpaceX a CCC ESG rating.

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