{"id":2818,"date":"2026-07-16T20:08:31","date_gmt":"2026-07-16T20:08:31","guid":{"rendered":"https:\/\/trustedmovinggroups.com\/?p=2818"},"modified":"2026-07-16T20:08:31","modified_gmt":"2026-07-16T20:08:31","slug":"spacex-stock-closes-below-its-ipo-price-for-the-first-time-since-it-went-public","status":"publish","type":"post","link":"https:\/\/trustedmovinggroups.com\/?p=2818","title":{"rendered":"SpaceX stock closes below its IPO price for the first time since it went public"},"content":{"rendered":"
\n

Shares of SpaceX continued their sharp descent Thursday and closed below the company\u2019s IPO price for the first time since its June public offering.<\/p>\n

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The rocket-maker\u2019s shares slid more than 3% on Thursday to close at $131.11. On June 11, the company had priced its record-setting IPO at $135 per share.<\/p>\n

<\/div>\n

The company, whose businesses include space rockets, Starlink satellite internet, the X social network, and the artificial intelligence firm xAI, began trading on the Nasdaq exchange June 12.<\/p>\n

While the company had a strong debut, with shares soaring 19% on their first day of trading to as high as $193, it\u2019s largely been on a downward trajectory since then.<\/p>\n

Even after being added to the prestigious Nasdaq-100 and Russell 1000 stock indexes, which ordinarily would have sparked buying, the stock has fallen every single day, except for one, since then.<\/p>\n

Making matters worse for the stock, just days after raising $75 billion in its IPO, SpaceX issued $25 billion worth of additional debt.<\/p>\n

<\/div>\n

Short sellers have also piled onto the company, and their paper bets are now reportedly approaching $4 billion.<\/p>\n

Investors, many of whom were regular retail investors, that bought SpaceX shares at its day one opening price of $150 have seen that investment contract by more than 11%. <\/p>\n

SpaceX\u2019s market value has also shrunk by more than $1.2 trillion from its peak, which it hit June 16th. From it\u2019s debut price of $150, the company\u2019s value has contracted by almost $250 billion.<\/p>\n

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Founder Elon Musk, whose fortune now rests primary in his SpaceX stake, saw his net worth surge from about $700 billion to as much as $1.32 trillion after the IPO. However, that has contracted along with shares, to about $850 billion, according to Bloomberg Billionaires. <\/p>\n

Musk has been unflinching in his confidence about the company. Before the IPO, he wrote on social media that \u201cSpaceX might be able to reach approximately $1T revenue in 2030.\u201d<\/p>\n

Later on Thursday, SpaceX is slated to launch its flagship Starship rocket, the first space launch since the company went public. <\/p>\n

<\/div>\n

The rocket, designed to be reusable, is a cornerstone feature of Elon Musk\u2019s plans for satellite-based communications, sending humans into space and in theory putting artificial intelligence data centers in orbit.<\/p>\n

Despite a rocky few weeks of trading, Wall Street analysts are largely bullish on the company\u2019s future. <\/p>\n

But the pain for SpaceX shares could be just getting started. In the weeks ahead, SpaceX will likely issue its first earnings report as a public company. That event will trigger the first wave of stock-sale lockups expiring. This means some longtime shareholders would be allowed to begin selling their shares and cashing in on what were, for years, merely paper gains.<\/p>\n

It\u2019s not entirely unusual for a major IPO to perform poorly in the short-term, however. When Facebook, now called Meta Platforms, debuted in 2012, its shares traded below its IPO price for more than a year. Uber also traded below its IPO price for months after its 2019 offering.<\/p>\n

But these dips reversed themselves over time. As of Thursday, Meta shares are up more than 1,600% since its IPO, while Uber has posted a nearly 80% gain since its debut.<\/p>\n

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Shares of SpaceX continued their sharp descent Thursday and closed below the company\u2019s IPO price for the first time since its June public offering.<\/p>\n","protected":false},"author":1,"featured_media":2817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-2818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"yoast_head":"\nSpaceX stock closes below its IPO price for the first time since it went public - Trusted Moving Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustedmovinggroups.com\/?p=2818\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX stock closes below its IPO price for the first time since it went public - 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