Bought SpaceX At The IPO? You're Up 23%. Bought The Peak? You're 'Down Almost 25%,' Says Mohamed El-Erian

Just days after delivering the largest IPO in history, Space Exploration Technologies Corp. (NASDAQ:SPCX) has seen more than $400 billion in market value disappear, prompting economist Mohamed El-Erian to highlight the dramatic split between early winners and late buyers.

SpaceX Stock Swing Highlights IPO Volatility

Elon Musk’s company SpaceX fell 16.43% on Monday to close at $154.60, extending a sharp pullback from its recent all-time high and marking one of the largest value declines ever recorded for a U.S. company.

The latest sell-off has reduced SpaceX’s market capitalization to roughly $2.04 trillion, pushing the company to the seventh spot among the world’s most valuable publicly traded firms.

According to MarketWatch, Monday’s roughly $400.8 billion decline in market value ranks as the second-largest one-day value loss for a U.S. company.