SpaceX shares trade at $109, down 19% from their $135 IPO price, mirroring Tesla’s early post-IPO decline in 2010.
Space Exploration Technologies (NASDAQ: SPCX) shares have declined 19% from their $135 IPO price, closing at $109. The stock opened at $150 and peaked at $225 before reversing course in recent weeks.
The drop echoes Tesla’s (NASDAQ: TSLA) trajectory after its June 29, 2010 IPO, when shares fell 18% within two months. Tesla later recovered, ending its first year up 18%, driven by vertical integration and innovation in electric vehicles.
SpaceX, like Tesla, leverages vertical integration and cost-cutting innovations, such as reusable rockets, to dominate the space launch market.