SpaceX Shares Breach IPO Price, Close Just Above

SpaceX (SPCX) Class A shares fell below their $135 IPO price for the first time on July 15, 2026, dipping to $132.15 before closing at $135.27 — 20 cents above offer. The drop comes five weeks after SpaceX raised $75 billion at a $1.75 trillion valuation, the largest IPO ever. Underwriters had no greenshoe — the over-allotment option used to stabilize new listings — left to support the stock.