SpaceX Sheds Over $1 Trillion in Value as Shares Fall 11% Below $135 IPO Price
Updated
Updated · Bloomberg · Jul 24
SpaceX Sheds Over $1 Trillion in Value as Shares Fall 11% Below $135 IPO Price
3 articles · Updated · Bloomberg · Jul 24
Summary
SpaceX closed at $119.85 on Monday after another 3% drop, leaving the stock more than $1 trillion below its June 16 peak, just three trading days after its debut.
The slide has tracked a broader retreat in AI stocks as stretched valuations prompt investors to lock in gains; AI had been a central part of SpaceX's pitch to public-market buyers.
A rocket launch abort last week added pressure, raising fresh questions about execution as the company pursues plans ranging from space-based data centers to Mars missions.
The weakness also fits a wider IPO pattern: most US listings from the past two months were below offer price as of July 15, and 2026 IPOs are lagging the S&P 500.
With most AI projects failing to deliver returns, are investors simply betting on hype with the next big IPO?
Is the SEC's plan to ease IPO rules a boon for innovation or a trap for everyday investors?
SpaceX’s $1 Trillion IPO Shock: How a Turbulent Debut Reshaped AI Valuations, Market Risks, and the Next Wave of Mega-IPOs
Overview
SpaceX made a highly anticipated public debut on June 12, 2026, with shares trading under the SPCX ticker on Nasdaq. Elon Musk rang the opening bell from Starbase, while celebrations took place in New York. The IPO sparked a frenzy of investor interest, quickly driving the stock to record highs. This surge was fueled by a unique market structure, as less than 5% of shares were available for trading, creating scarcity and boosting demand. However, the excitement was short-lived, as concerns over high valuations and upcoming share lockup expirations soon led to a sharp decline in SpaceX’s stock price.