SpaceX stock dips below IPO price

SpaceX shares traded below their $135 initial public offering price for the first time on Wednesday, July 15, 2026. The move marked a notable shift from the stock’s early trading sessions, when enthusiasm around the high-profile listing had driven strong initial gains. By Wednesday, the shares were reported to be roughly a third below the IPO price at one point, underscoring the speed and scale of the reversal.

Reports described the stock as declining about 2% on the day, pushing it under the IPO level during intraday trading. Some coverage cited intraday lows around the low-$130s, while others referenced prices closer to $134, but all agreed that the shares crossed below the $135 offering line. This crossing was highlighted as a key psychological level for investors tracking the newly listed company.

SpaceX’s share performance since its debut has been characterized as volatile, with large swings typical of newly public companies. The stock initially surged after the IPO before giving back gains in the following sessions. The drop below the IPO price came as the shares logged a fourth straight day of declines, adding to signs that the initial wave of buying interest had cooled.

The recent slide has taken SpaceX to its lowest levels since listing, prompting discussion of whether early expectations for the company may have outpaced near-term trading appetite. Coverage pointed to a shift from intense early fanfare to a more cautious tone as the stock adjusted to public-market scrutiny. The move below the offering price has drawn particular attention from investors who had viewed the IPO level as a reference point for the company’s market valuation.

The latest share-price weakness comes just ahead of SpaceX’s 13th Starship test flight, which is scheduled for Thursday. The test represents the next step in the company’s ongoing development of its deep-space launch system and remains a focal point for market watchers. The proximity of the flight to the stock’s recent low has linked operational milestones and investor sentiment in market commentary.

Reports noted that the stock’s pullback occurred in the run-up to this high-profile event, though no direct causal link between the test and the day’s trading was established. For investors, the combination of a falling share price, heightened volatility, and a major upcoming test underscores the degree of uncertainty surrounding the newly public company’s near-term trajectory.