The Biggest IPO in History Is Unraveling. Why SpaceX Stock Hasn’t Hit Bottom Yet

1 hour ago 6

Rich Duprey

Tue, June 23, 2026 astatine 6:22 AM CDT 5 min read

Quick Read

SpaceX erased astir $750 cardinal successful marketplace headdress since its $225 peak, with shares present threatening to autumn beneath the $150 first-day unfastened price.
Three simultaneous headwinds are compounding selling pressure: a $60 cardinal all-stock Anysphere acquisition, a $20 cardinal indebtedness offering, and looming lockup expirations.
A planetary tech selloff, with Micron down 9% and Sandisk falling 10%, is adding broader unit connected SpaceX arsenic a heavy owned maturation stock.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SpaceX didn't marque the cut. Grab the names FREE today.

The market's appetite for artificial quality and abstraction exertion helped substance 1 of the astir anticipated nationalist offerings ever. Investors spent months waiting for SpaceX's (NASDAQ:SPCX) debut, and erstwhile shares yet began trading, enthusiasm pushed the banal acold beyond its archetypal offering price.

A 3D rendering of a reddish and achromatic rocket, crumpled and breached astatine its base, leaning towards the right. It rests connected a light-colored woody table, acceptable against a textured teal bluish wall. The rocket's fins are red, its main assemblage silver, with the basal severely damaged and fractured.

Yet past has a mode of reminding investors that excitement and valuation are not the aforesaid thing. As exertion stocks look a wide pullback and IPO euphoria fades, SpaceX banal is present confronting the realities that often travel blockbuster marketplace debuts.

From Record IPO to $750 Billion Value Loss

SpaceX entered the marketplace with tremendous expectations. Shares were priced astatine $135, opened trading astatine $150, and rapidly accelerated higher arsenic investors rushed to summation vulnerability to the world's ascendant backstage abstraction company.

Within days, SpaceX surged supra $200 and concisely reached an intraday precocious of $225.64. It yet finished that league astatine $211.39, giving the institution a marketplace capitalization of astir $2.78 trillion aft concisely approaching $3 trillion. That made SpaceX the 5th astir invaluable publically traded institution successful the market.

The occupation is that valuation matters eventually. SpaceX has declined each trading time since reaching its peak, and yesterday shares closed astatine $154.60, reducing the company's marketplace capitalization to astir $2.04 trillion. In little than 2 weeks, investors person watched astir $750 cardinal successful marketplace worth disappear.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SpaceX didn't marque the cut. Grab the names FREE today.

The selling isn't implicit yet. Premarket trading has SpaceX down much than 4%, with shares hovering adjacent $148 -- beneath the $150 opening terms investors eagerly paid connected the archetypal time of trading.

24/7 Wall St.

A $750 cardinal wipeout successful conscionable 2 weeks. The world's astir anticipated IPO is hitting a brutal world wall—and experts pass this isn't a 'buy the dip' moment. © 24/7 Wall St.

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