SpaceX Dips Below $135 IPO Price Five Weeks After Listing

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