SpaceX shares drop below $135 for first time since IPO the company's market value has fallen by more than $1 trillion
Published on: Jul 18, 2026
Shares of SpaceX, which successfully entered the stock market last month, fell below the initial public offering price of $135 per share for the first time since its IPO in the July 15 trading session. By mid-June, the company's shares had reached as high as $225, but the subsequent decline has reduced SpaceX's market capitalization by more than $1 trillion.
As reported by the Financial Times, the value of the shares decreased by about 40% compared to the recorded maximum level. As a result, the estimated value of the company's founder and CEO Elon Musk's share decreased from $1.2 trillion to around $760 billion.
The value of SpaceX's corporate bonds issued at the end of June also decreased. Although shares rebounded to close slightly above $135 by the end of the trading day, they still traded below the IPO price for some time during the session.
At the same time, more than 20 investment banks involved in the process of organizing the IPO received significant income. Their total commissions amounted to about 500 million dollars. Short-term investors and stock traders also took advantage of the high volatility of the market.
It is noteworthy that Elon Musk tried to organize the IPO in such a way as to limit speculative trading as much as possible. Investors who bought most of the company's shares plan to hold them for the long term. In addition, SpaceX employees are prohibited from selling their shares until August of this year, and large investors can sell them only 366 days after the IPO.
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