SpaceX stock has retreated from its post-IPO highs but remains trading about 13% above its $135 initial offer price, reflecting a volatile two-week debut as a public company following the world’s largest initial public offering on June 12, 2026.
The stock opened at $150 on its first trading day and closed at $160.95, up 19% from the IPO price, before climbing as high as $176.52 during intraday trading, according to CNBC and CBS News. The strong debut valued the company at over $2 trillion and made Elon Musk the world’s first trillionaire.
The rally proved short-lived. A three-day selloff starting June 20 erased nearly 24% of the stock’s value, with shares briefly dipping below $150—the opening price—before recovering, according to reporting from the New York Times and Al Jazeera. The pullback wiped out roughly $600 billion in market value amid broader tech sector turbulence.
As of June 26, SpaceX (ticker: SPCX) traded around $153.23, still above the IPO price but far from its peak. The decline reflects the typical post-IPO volatility that can follow record-breaking debuts, particularly when a company enters the market at a historically high valuation.
Analyst views on the IPO were split even before the stock began trading. Morningstar said SpaceX was “significantly overvalued” ahead of the offering, according to CNBC, while others saw the company’s growth potential in satellite internet and space exploration as justifying investor enthusiasm. The company raised $75 billion in the IPO—the largest ever—by selling 555.6 million shares at $135 each, according to TechCrunch.
SpaceX is set to join the Nasdaq-100 index on July 7, 2026, a move expected to trigger roughly $4.3 billion in passive fund inflows, according to Yahoo Finance. That inclusion could provide additional support for the stock, though the near-term direction will likely depend on broader market conditions and investor appetite for high-growth tech stocks.
Sources
- CNBC — First-day trading details and analyst commentary
- CBS News — Opening price and closing price on debut day
- Reuters — IPO price confirmation and share count
- The New York Times — Recent pullback and price levels
- Al Jazeera — Three-day selloff and market value loss
- TechCrunch — IPO raise amount and share details
- Yahoo Finance — Nasdaq-100 inclusion and passive inflow estimate
