SpaceX stock dips below IPO price

SpaceX's stock fell below its IPO price of $135 on July 15, 2026, closing at $135.27 after dipping to $132.15. The stock has dropped 33% from its post-IPO record, though the company retains a market cap of about $1.8 trillion. The decline is attributed to upcoming lockup expirations in early August, which will allow employees and early investors to sell 911.5 million shares, potentially flooding the market. Analysts remain largely bullish, with 27 of 32 recommending buy, citing SpaceX's SpaceX — Starlink internet service and government rocket launch business despite a net loss of nearly $5 billion last year. The lockup releases through December 8 will increase the tradable float to 40% of the company.