SpaceX shares fall below IPO price
Analysis based on 65 articles · First reported Jul 12, 2026 · Last updated Jul 19, 2026
SpaceX's stock decline below its IPO price signals cooling investor enthusiasm for high-growth tech and AI companies, potentially affecting market sentiment across the sector. The drop may also impact index funds and institutional investors that recently added SpaceX to major indices, while the upcoming lock-up expiry could add further downside pressure.
SpaceX shares fell below their initial public offering (IPO) price of $135 for the first time on July 15-16, 2026, just over a month after the company's record-breaking IPO on June 12, 2026. The stock dropped as low as $132.28 intraday before closing at $135.27, marking a 41% decline from its peak of $225.64. The decline reflects profit-taking, valuation concerns, and broader market stress amid uncertainty over United States — Federal Reserve interest rate policy and cooling enthusiasm for AI-related stocks. SpaceX reported a $4.9 billion loss last year and has significant debt-funded AI spending plans. The stock's inclusion in the Nasdaq 100 did not reverse the retreat. Upcoming catalysts include the company's first quarterly earnings report as a listed company (expected in early August), the expiration of IPO lock-up periods that could increase selling pressure, and the 13th Starship test flight. Despite the slump, over 80% of analysts maintain a buy rating with an average price target of $238. Elon Musk's net worth has fallen from $1.45 trillion to about $850 billion due to the stock decline.
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