SpaceX stock falls to $116, below its $135 IPO price, amid a 40% drop from its peak near $200.
SpaceX shares are trading at $116, 13.2% below their $135 IPO price, after a 40% decline from a high near $200. The drop follows initial skepticism over the stock’s valuation at launch.
The company dominates the orbital launch market, carrying over 80% of the 3,194 metric tons sent to space in 2025. Its Starlink satellite network, with 10.3 million subscribers, remains the primary profit driver, though the combined addressable market is estimated at $2 trillion.
SpaceX’s Starship megarocket, with a 220,000-pound payload capacity, could further reduce launch costs and expand its market share if commercialized successfully.