SpaceX Rebounds After Briefly Plunging 20% Below IPO Pric…

SpaceX's initial public offering (IPO) experienced significant fluctuations, with shares dropping as much as 20% below their debut price, causing a market value loss exceeding $1.2 trillion from its peak. This decline reflects investors' current aversion to riskier technology stocks. Despite these challenges, shares recovered slightly, closing at $116.49, which is still nearly 14% lower than the IPO price. The situation illustrates the volatility surrounding SpaceX and highlights investor sentiment towards tech companies.

SpaceX IPO:

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A Tesla Cybertruck vehicle drives past the SpaceX Starbase industrial complex and rocket launch facility in Starbase, Texas.

A Tesla Cybertruck vehicle drives past the SpaceX Starbase industrial complex and rocket launch facility in Starbase, Texas. Photographer: Gabriel V. Cardenas/Bloomberg

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By Bailey Lipschultz and Arvelisse Bonilla Ramos

July 28, 2026 at 1:41 PM UTC

Updated on July 28, 2026 at 8:13 PM UTC

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SpaceX shares bounced back after temporarily erasing one-fifth of their value from the record setting debut of Elon Musk’s rocket, satellite and artificial intelligence company, as investors shunned riskier technology firms.

The stock reversed an earlier slump which had put its market value more than $1.2 trillion below its June 16 peak in one of the largest market capitalization wipeouts in history. Shares ended Tuesday at $116.49 each, down nearly 14% from the initial public offering price.

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SpaceX Rebounds After Briefly Plunging 20% Below IPO Price