SpaceX stock sinks below $135 IPO price for the first tim…

SpaceX shares have declined below their IPO price of $135 for the first time, following four consecutive days of losses. The volatility of shares comes after their historic IPO in June, which raised a record $86 billion and allowed SpaceX to join the Nasdaq-100 due to a recent rule change. Shares peaked at nearly $202 shortly after the IPO but are currently about 34% below their IPO price. The market anticipates upcoming IPOs from companies like Anthropic and OpenAI.

Join IC

PRO

Join Pro

Livestream

Key Points

SpaceX shares dropped below their IPO price of $135 on Wednesday, falling for a fourth day.
Shares have been volatile since the Elon Musk rocket maker's historic June IPO.
SPCX quickly joined the Nasdaq-100 last week due to a rule change for newly public companies.

In this article

SPCX

Follow your favorite stocksCREATE FREE ACCOUNT

People gather near a SpaceX advertisement outside the Nasdaq MarketSite, on the day of their initial public offering (IPO) in New York City, U.S., June 12, 2026.

Brendan Mcdermid | Reuters

SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time, about a week after joining the Nasdaq-100.

Shares have whipsawed since the reusable rocket maker's historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire.

The stock slumped about 2% on Wednesday, putting shares about 34% below their IPO price.

SpaceX's blockbuster debut came at the start of a potentially record-breaking stretch for IPOs, with hotly anticipated offerings from Anthropic and OpenAI likely on the horizon.

Both companies have confidentially filed to go public with the U.S. Securities and Exchange Commission, but haven't provided any official plans.

During its first month of trading, SpaceX shares closed as high as nearly $202 a share and skyrocketed about 20% on its first full trading day.

Last week's induction into the concentrated Nasdaq-100 brought passive investors into the stock through index-tracking funds. The company was able to join the exchange due to a recent rule change that shortened the eligibility period to 15 trading days for newly public companies.

Shares slumped below their first trade price of $150 a day after joining the index.

SpaceX stock sinks below $135 IPO price for the first time

Read more CNBC tech news