SpaceX stock sinks below $135 IPO price for the first time
People gather near a SpaceX ad outside the Nasdaq MarketSite on the day of its initial public offering (IPO) in New York City, USA, on June 12, 2026.
Brendan McDermid | Reuters
SpaceX shares fell for the fourth straight session on Wednesday, falling below their initial public offering price of $135 for the first time in about a week after joining the Nasdaq-100.
Shares have soared since the reusable rocket maker’s historic IPO last month; This IPO raised a record $86 billion and solidified founder Elon Musk as the first trillionaire.
The stock lost nearly 2% on Wednesday.
SpaceX’s blockbuster debut comes at the start of a potentially record-breaking stretch for IPOs; Hotly anticipated offerings from Anthropic and OpenAI are likely on the horizon. Both companies have filed confidentially with the U.S. Securities and Exchange Commission to go public but have not filed any formal plans.
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