SpaceX IPO Shares Lose Half Their Value in Six Weeks as Float Set to Triple

Space Exploration Technologies Corp. (SpaceX) went public on June 12, 2026, raising about $75 billion and becoming the largest IPO in history. The stock opened near $150, climbed to a high of $225.64 on June 16, but then fell sharply, reaching an all‑time low of $110.85 on July 23 and closing at $115.07 on July 24 – a 49% decline from the peak and leaving early investors down roughly 15% to 50%.

Only about 5% of SpaceX’s shares were floated at the IPO, creating a thin public float. Lock‑up expirations scheduled for early August will release close to 1 billion pre‑IPO shares, potentially tripling the float and increasing SpaceX’s weight in the Invesco QQQ Trust. Analysts expect earnings on Aug. 4, with revenue near $6.9 billion and a per‑share loss of $0.22‑$0.28. The upcoming share releases and earnings are expected to shape the stock’s performance and its influence on index funds.