SpaceX's stock, which went public on June 12, 2026, has become one of the poorest performers among U.S. IPOs in the last ten years. An investment of $1,000 at the IPO price of $135 per share would now be worth around $852, reflecting a decline in the share price to approximately $115.07 as of late July.
Despite an initial market capitalization exceeding $2 trillion on the first trading day, SpaceX shares have fallen more than 27% below their first-day close. This drop places the company below about 90% of U.S. IPOs valued at $1 billion or more since mid-2009. By comparison, many large IPOs experience a 17% to 25% decline in their first year, suggesting SpaceX's downturn is notably steep.
From Early Highs to Market Value Slumps
Just days after the IPO, SpaceX shares surged to a record $225, pushing the company's market value to over $2.5 trillion, only to tumble roughly 50% afterward. This slide wiped out more than $1 trillion in market value. Initial enthusiasm was driven by the limited availability of shares for public trading, but investors later became more cautious, questioning the company's valuation and long-term financial health.
The company's 2025 financials showed $18.7 billion in revenue alongside a net loss of about $5 billion. Concerns have also grown over forthcoming lock-up period expirations that may flood the market with additional shares, further pressuring the stock price. Despite these issues, Wall Street remains cautiously optimistic, with a moderate buy consensus and forecasts suggesting the stock could double from current levels, according to recent data.
