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SpaceX shares fall below IPO price as selloff deepens after Starship setback

SpaceX shares fall below IPO price as selloff deepens after Starship setback

SPCX closed below its $135 offer price and later fell further after a Starship launch abort tied to an engine issue, adding to valuation, lock-up and execution concerns.

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Fact Check
The core claim, that SPCX slid below its $135 IPO price for the first time, is directly confirmed by the Reuters article dated July 15, 2026, which reports the stock at $132.5, below the $135 IPO price for the first time. CNBC corroborates the $135 IPO level and the June 12 debut, and Phemex's headline confirms a sub-$135 trade at $133.8. The exact intraday figure of $134 cited in the claim differs slightly from Reuters ($132.5) and Phemex ($133.8), likely reflecting intraday variance, but all sources agree on the substantive point. The 'more than a month after debut' timing is broadly accurate (June 12 to July 15).
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Summary

SpaceX shares closed below their $135 IPO price for the first time on July 16, with SPCX ending at $131.11, down 3.08%, as the retreat from the company’s post-listing surge deepened. The slide later extended, with shares falling 4.6% on Friday after a Starship launch was aborted because of an engine issue, reinforcing investor concerns about execution alongside valuation reassessment, upcoming lock-up expirations and broader weakness in technology stocks. The reversal is sharp after SpaceX’s June 12 debut, when the company raised a record $86 billion in the largest IPO on record and the stock rose 19% on its first day to close at $161. Shares later climbed as high as $225 before falling more than 40% from that peak. SpaceX’s disclosed 18,712 BTC holding, worth about $1.19 billion at current prices, has also kept the stock in focus for crypto investors.

Terms & Concepts
  • broken IPO: Wall Street term for a newly public stock that falls below its offering price, often signaling weakened investor sentiment.
  • lock-up expirations: Dates when early investors and insiders become free to sell shares that were restricted after an IPO.
  • bitcoin treasuries: Bitcoin holdings kept on a company’s balance sheet as part of its corporate reserves.