SpaceX Falls Below $135 IPO Price Five Weeks After Listing

SpaceX shares dropped below the $135 IPO price for the first time on July 15, 2026, about five weeks after listing. The stock has fallen roughly 34% from its June 16 peak above $2.6 trillion in market cap, landing near $1.75 trillion — back at the valuation targeted at IPO. SpaceX reported $18.67 billion in 2025 revenue.