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Tuesday, 21 July 2026
Economy

SpaceX shares drop below IPO price for first time

Stock falls to $134, undercutting the $135 listing price set during last month's public offering.

Talivio News · Global 1 min read
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Low angle view of a modern rocket launching into a clear sunset sky, with vibrant orange and pink hues, over a space factory. SpaceX

SpaceX shares dropped below their initial public offering (IPO) price for the first time on Wednesday. The decline marks the first instance where the stock has traded under its listing value since the company entered the public market.

According to reports, SpaceX shares fell to $134. This figure is below the company's IPO price of $135. The shares slid 1.5% during the trading period.

SpaceX went public approximately a month ago. The company completed what is described as the biggest IPO ever. Since going public, share trading in SpaceX has been volatile.

Market context and valuation

The IPO made Elon Musk the world's first trillionaire, according to reports. Last month, SpaceX's market valuation briefly exceeded those of Microsoft and Amazon. The company is described as a 'rockets-to-AI firm'.

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Sources

  1. BBC — SpaceX share price drops below stock market debut (opens in a new window)
  2. The Guardian — SpaceX shares slide below IPO price for first time as surge fizzles (opens in a new window)
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