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Elon Musk — Technology — Economy — Business

Why Did SpaceX Stock Fall Below Its IPO Price

The report said the shares have dropped about 41 percent from their peak of $225.64, reducing the company's market value significantly.

,   and  TIPP Staff
2 min read
SpaceX shares drop below $135 IPO price. Pic via(@nypost)

SpaceX shares fell below their initial public offering price of $135 for the first time since the company's Nasdaq debut, according to the report.

The decline represents a sharp retreat from the stock's post-listing high and reflects heightened volatility following its public market launch.

The report said the shares have dropped about 41 percent from their peak of $225.64, reducing the company's market value significantly.

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Analysts attributed the weakness to valuation concerns and the limited number of shares available for public trading, with a relatively small public float amplifying price swings.

According to the report, investor attention is now turning to SpaceX's upcoming Starship Flight 13, which is scheduled to test satellite payload deployment during a suborbital mission.

Market participants are expected to closely watch the outcome of the launch as the company seeks to demonstrate progress in its next-generation space program.

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tippinsightsPower & Capital Desk

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