In its fifth session as a public company on June 18, Space Exploration Technologies (NASDAQ: SPCX) closed down 3.6% on the day and down about 18% from its all-time intraday high of $225.64 per share on June 16.
However, SpaceX is still up big from its initial public offering (IPO) price of $135 and its first-day opening price of $150
Here’s why long-term investors shouldn’t be concerned about the volatility. Volatility was inevitable The nature of SpaceX’s business model and the financial engineering of its IPO sowed the seeds for intense volatility. SpaceX reported a net loss of $4.94 billion in 2025.
Its main revenue driver is its Starlink network of low-Earth-orbit satellites, but its artificial intelligence (AI) efforts through xAI could deliver even greater growth potential. The biggest opportunity of them all could be operating a network of millions of AI compute satellites in orbit, the first of which SpaceX expects to deploy in 2028. SpaceX raised $75 billion from its IPO by selling 555 million shares at $135 a piece.