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SpaceX stock price decline below IPO
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SpaceX's stock price fell below its $135 IPO price for the first time since the company's June 2026 public debut, erasing roughly $1 trillion in market value. The decline follows a post-IPO rally and reflects investor skepticism about growth projections tied to Starship development and AI initiatives.
- Stock dropped below $135 IPO price on July 15, 2026, about one month after June debut
- Sell-off eliminated approximately $1 trillion in market capitalization from Musk's company valuation
- Post-IPO euphoria gave way to steady decline as market reassesses Starship and AI promises
- Decline occurred ahead of planned Starship launch milestone