SpaceX share price drops below its stock market debut
SpaceX's share price has dropped below its June stock market debut of $135, falling to $132.62 and later around $125 after a Starship launch abort. The selloff pulled Elon Musk's fortune under $800 billion, a key signal for investors who also monitor lloyds share price swings.
Key Takeaways
- SpaceX shares slipped to $132.62, under the $135 IPO price set in June 2026, and later traded near $125.
- The stock is down about 41% from its post-float peak and has lagged a nearly flat Nasdaq on recent sessions.
- An aborted Starship test cut Musk's net worth by more than $45 billion to about $792.8 billion.
- SpaceX is due to publish its first public earnings report in August.
Why has the SpaceX share price fallen below its IPO?
According to the BBC, SpaceX shares fell to $132.62 (£98.24) on Wednesday, below the $135 listing price from June. That puts early IPO buyers underwater if the price holds or falls further.
The stock had already cooled after a frenzy that briefly valued the company above Amazon and Microsoft. On the same Wednesday, SpaceX fell more than 2% while the Nasdaq dropped just 0.2%.
Analysts told the BBC that investors initially treated SpaceX as a rare public AI play after it acquired Musk's xAI startup, since renamed SpaceXAI. The core business remains rockets and Starlink satellites. Shares also sank about 8% when Starlink cut prices in Memphis amid local concern over a large data centre project.
Interactive Brokers' Steve Sosnick said there had been little lately to remind buyers of the catalysts that drove the IPO rush. Traders have also been increasingly betting against SpaceX just weeks after the float, according to the Financial Times.
How much did Elon Musk's net worth drop?
Forbes reported that SpaceX shares fell 4.4% to around $125 after trading opened on Friday, extending a losing streak that had already cut the stock's value by 14.5% as of Thursday. The move followed Musk's notice that Starship's 13th launch was aborted when some engines failed to start.
Musk holds about 4.8 billion SpaceX shares plus 350 million options. Forbes estimated his net worth fell $45.3 billion to $792.8 billion, still leaving him the world's richest person ahead of Larry Page and Sergey Brin.
His fortune is now below the $813 billion level recorded before the IPO on June 3. Wealth peaked at $1.45 trillion when SpaceX hit an all-time high on June 16, implying a nearly $700 billion decline from that peak. The IPO had briefly made him the world's first trillionaire.
Readers following net worth and wealth stories will note how tightly Musk's ranking still tracks SpaceX's public tape.
What happens next for SpaceX investors?
Musk said another Starship attempt would come "hopefully in a few days," later pointing to early the following week as the most probable window. UBS analyst Gavin Parsons had framed a successful flight as a chance to validate booster relight and updated Starlink deployment — milestones he saw as potentially positive for the stock.
SpaceX is expected to release its first public earnings in August, a report Sosnick said will matter because the name is heavily watched and shapes investor psyche. A few dollars under the IPO price is not itself a tragedy, he added, but the symbolism is outsized.
SpaceX did not immediately respond to a BBC request for comment. Until earnings and the next Starship attempt, volatility around the debut price remains the central wealth story.