SpaceX slips below its $135 IPO price ahead of Starship launch
11:06 AM PDT · July 15, 2026
SpaceX’s shares fell below $135, the price that CEO Elon Musk and his company chose ahead of its blockbuster June 12 IPO that raked in nearly $86 billion.
After slipping below that price on Wednesday afternoon to beneath $133 per share, the stock traded back up to the $135 price, and occasionally hovering above it.
The dip on Wednesday followed a steady decline in the month since the company went public. SpaceX initially saw its stock price rise to more than $200 in the days after it went public, briefly giving it a valuation that rivaled tech giants like Amazon and Microsoft. Its shares have lost value basically every week since reaching that high point.
Some of the volatility is attributable to the fact that just 4% of the company’s total shares are trading on the Nasdaq. That small “float,” as its known,...
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