Shares of SpaceX retreat to $160 after peaking near $220, reflecting volatility from a limited public float post-IPO.
SpaceX shares fell 27% to $160 after surging to nearly $220 following its record $1.77 trillion IPO valuation. The company now trades at a $2.5 trillion market cap despite posting a $4.9 billion loss in 2025 and a $4.3 billion loss in Q1 2026.
Only 4.2% of SpaceX’s shares are publicly tradable, amplifying price swings. The company’s rocket and Starlink divisions generate modest profits but target a combined $2 trillion addressable market—far below its current valuation.
The stock’s rapid decline highlights investor uncertainty over SpaceX’s long-term growth prospects beyond its core businesses.