Despite Market Fluctuations, SpaceX Remains 37% Above IPO Price
Merely a fortnight after orchestrating the largest IPO in history, SpaceX (NASDAQ: SPCX) has encountered some post-debut turbulence. Despite this, the company’s shares remain robustly above its offering price. Elon Musk’s space and AI venture currently has its shares trading around $185–$189. This is a slight dip from the all-time high of $225.64 reached on June 16, but still approximately 37–40% above the fixed IPO price of $135 per share.
SpaceX made a grand entry into Nasdaq on June 12, 2026. It raised a record-breaking $75 billion by selling 555.6 million shares. This was more than triple the size of Saudi Aramco’s previous record-holder IPO. The stock opened at $150 on its first day and closed at $160.95, marking a 19.2% first-day pop. At its zenith, SpaceX’s market capitalization briefly surpassed $2.2 trillion, earning it a place among the world’s most valuable companies.
Market analysts are split on the valuation. CFRA Research assigned the stock a sell rating with a 12-month price target of $115. On the other hand, Wedbush’s Dan Ives hailed the IPO as an “important moment for the broader tech sector.” Retail investor demand has been extraordinary. SpaceX was the most-purchased retail stock on its debut day, with net buying more than 3.5x that of Nvidia. The company’s next earnings report is due on August 6, 2026.
Source: CNBC – SpaceX IPO Takeaways