SpaceX shares dropped below their $135 IPO price on July 15, 2026, the first time the stock had traded at that level since the company's Wall Street debut in June, according to the Financial Times.
The stock had been sliding from a post-IPO high before crossing below the $135 threshold, TechCrunch reported. The decline came ahead of a planned Starship launch. Trading has been volatile since SpaceX went public, BBC News Science noted.
Elon Musk, the company's CEO, made public promises about SpaceX both before and after the IPO. The Financial Times described SpaceX as an AI and rocket company.