{"id":8168,"date":"2026-07-17T01:42:17","date_gmt":"2026-07-16T20:42:17","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=8168"},"modified":"2026-07-17T01:42:17","modified_gmt":"2026-07-16T20:42:17","slug":"spacex-stock-closes-below-its-ipo-price-for-the-first-time-since-it-went-public","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=8168","title":{"rendered":"SpaceX stock closes below its IPO price for the first time since it went public"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div>\n<p id=\"anchor-ad5668\" class=\"body-graf\">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<p><button class=\"styles_subscriptionCTA__LOUeY\" id=\"subscriptionCTA\" type=\"button\"><img decoding=\"async\" src=\"data:image\/svg+xml;base64,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\" alt=\"NBC News Icon\" class=\"styles_icon__wRwWv\" aria-hidden=\"true\"\/><\/p>\n<div class=\"styles_textWrapper__vxvko\">\n<p class=\"styles_text__daaVB styles_textLarge__qlzwu\">Subscribe to read this story ad-free<\/p>\n<p class=\"styles_text__daaVB\">Get unlimited access to ad-free articles and exclusive content.<\/p>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/rockcms\/2026-01\/arrow-f55fa5.svg\" alt=\"arrow\" class=\"styles_arrow__tnruW\" aria-hidden=\"true\"\/><\/button><\/p>\n<p id=\"anchor-fceb0b\" class=\"body-graf\">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<p id=\"anchor-d2c799\" class=\"body-graf\">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<p id=\"anchor-d524f0\" class=\"body-graf\">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<p id=\"anchor-b7c1ff\" class=\"body-graf\">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<p id=\"anchor-94088a\" class=\"body-graf\">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<p id=\"anchor-6f6475\" class=\"body-graf\">Short sellers have also piled onto the company, and their paper bets are <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-15\/short-sellers-swarm-spacex-with-paper-profit-nearing-4-billion\" target=\"_blank\">now reportedly approaching $4 billion<\/a>.<\/p>\n<p id=\"anchor-544814\" class=\"body-graf\">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<p id=\"anchor-132bf9\" class=\"body-graf\">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<p id=\"anchor-89e877\" class=\"body-graf\">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<p id=\"anchor-0e8c27\" class=\"body-graf\">Musk has been unflinching in his confidence about the company. Before the IPO, he <a href=\"https:\/\/x.com\/elonmusk\/status\/2066273584645869808\" target=\"_blank\">wrote on social media<\/a> that \u201cSpaceX might be able to reach approximately $1T revenue in 2030.\u201d<\/p>\n<p id=\"anchor-d20852\" class=\"body-graf\">Later on Thursday, SpaceX is slated to launch its flagship Starship rocket, the first space launch since the company went public. <\/p>\n<p id=\"anchor-3ca9ce\" class=\"body-graf\">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<p id=\"anchor-e99133\" class=\"body-graf\">Despite a rocky few weeks of trading, Wall Street analysts are largely bullish on the company\u2019s future. <\/p>\n<p id=\"anchor-05510e\" class=\"body-graf\">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<p id=\"anchor-64af21\" class=\"body-graf\">It\u2019s not entirely unusual for a major IPO to perform poorly in the short-term, however. When Facebook, now called Meta Platforms,<a href=\"https:\/\/www.nbcnews.com\/news\/world\/facebook-prices-ipo-38-share-valuing-company-over-100-billion-flna778477\" target=\"_blank\"> debuted in 2012,<\/a> 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<p id=\"anchor-c37f26\" class=\"endmark body-graf\">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<\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>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. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The rocket-maker\u2019s shares slid more than 3% on Thursday to close at $131.11. On June 11,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":8169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media-cldnry.s-nbcnews.com\/image\/upload\/t_nbcnews-fp-1200-630,f_auto,q_auto:best\/rockcms\/2026-07\/260715-elon-musk-ch-1619-c3f095.jpg","fifu_image_alt":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-8168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pics-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/8168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8168"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/8168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/8169"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}