Images of SpaceX the stock price has fallen below its initial offering (IPO) stock price just one month after the company’s blockbuster market. Investors who bought SpaceX stock at the IPO price of $135 on June 12 would now be losing.
As such, the $10,000 investment made at SpaceX’s initial IPO price of $135 per share on June 12, 2026, would be around $9,706, with the space exploration leader trading at around $131 as of writing, July 17.
The losses come after a troubled first month of trading following the biggest IPO in history. Indeed, Elon Musk’s company started with an initial valuation of $1.77 trillion and closed the first trading session with a market capitalization of more than $2 trillion.
In just four days, SPCX shares soared to around $211 before the market opened with profit-taking and added concern over the company’s valuations.
Concept of the company SpaceX fell below their $135 IPO price for the first time on July 15, reaching a low of $132.28 before recovering to close at $135.27. As of press time, the price had dropped significantly, to the aforementioned $131.
The decline has reduced SpaceX’s market cap to about $1.72 trillion, a sharp decline from the $2.9 trillion it was listed on just four days after it went public.
Why did stockX crash?
First and foremost, the sale reflects growing investor concern about SpaceX’s valuation and financial outlook as the company approaches its first earnings report in August.
Meanwhile, analysts expect SpaceX to make between $34 billion and $43 billion in revenue this year, up from $18.7 billion in 2025. However, many investors are on edge as SpaceX recorded a net loss of nearly $4.9 billion in 2025.
Shareholders are also looking for an increase in sales later in 2026. For example, the opening of internal shares after the coming quarter could increase the float of the public, allowing some employees to sell shares of their stock.
Looking ahead, SpaceX’s growth is driven by several expectations. The most important of these are its Falcon launch business, expansion of the Starlink satellite network, Starship development, and artificial intelligence (AI) construction projects.
However, the company faces serious threats of execution because it heavily commercializes these technologies. With its first earnings report as a public company nears, investors will be watching to see if management can translate technical leadership into financial performance to ensure a multi-billion dollar valuation and deliver benefits to early and future contributors.
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