SpaceX stock falls 45% from its $225.64 high after a $2 trillion IPO, trading below its $150 opening price.
SpaceX (NASDAQ: SPCX) shares closed at $123.99 on Friday, down 45% from their post-IPO high of $225.64. The decline erases all gains since the company’s June 12 debut, which valued SpaceX at over $2 trillion, the largest IPO in history.
Shares opened at $150 and briefly surged to $161 on the first trading day, driven by investor enthusiasm for Starlink, reusable rockets, and AI initiatives. The stock’s retreat reflects broader market volatility and waning momentum after the initial hype.
The drop leaves SpaceX trading 17% below its opening price, raising questions about the sustainability of its valuation amid shifting sentiment.