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[BUSINESS] · United States · 84 sources

SpaceX shares dip below IPO price, wiping out $1 trillion market value

SpaceX’s stock slipped below its $135 initial public offering price for the first time in mid‑July 2026, touching an intraday low of about $132 and closing around $135.27 after a series of declines. The drop represents a roughly 40 % slide from the June peak of $225‑$226, erasing more than $1 trillion to $1.3 trillion in market capitalization and reducing Elon Musk’s personal stake from an estimated $1.2 trillion to about $750 billion.

Analysts linked the sell‑off to profit‑taking, a reassessment of the company’s high valuation, and concerns over debt‑funded AI spending. SpaceX raised $25 billion in bonds and posted a $4.9 billion loss for 2025, prompting doubts about the sustainability of its $2.6 trillion peak valuation. The upcoming expiration of a portion of the IPO lock‑up period and the company’s 13th Starship test flight, scheduled for early August, are expected to add further pressure on the share price.

Despite the decline, most Wall Street analysts still rate the stock as a buy, with average price targets near $240‑$250, reflecting a belief that the long‑term growth opportunities in rockets, Starlink and orbital data‑center projects could eventually justify a higher valuation.

Sources

SpaceX IPO Plunge Raises Market Concerns [www.finnewsnetwork.com.au]
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