SpaceX fell for three consecutive days, with its market value dropping more than $600 billion from its peak.

On Monday Eastern Time, SpaceX stock price plummeted, closing down more than 16% at $154.6 per share, with a market value of $2.03 trillion. The company's stock has fallen for three consecutive trading days. Since its listing, SpaceX's closing price reached its highest point on June 16, exceeding $200 per share, with a market value of $2.66 trillion. On the news front, according to documents submitted by SpaceX to the U.S. Securities and Exchange Commission, SpaceX has initiated its first issuance of investment-grade bonds.