SpaceX shares fall after IPO demand fades

By Megan Brooks 22/06/2026 2 min read 9 views

SpaceX shares have dropped by 6% as post-IPO demand fizzles out, with the stock down 6.5 per cent at $178.50.

The company’s initial public offering was the largest in history, raising $75bn, which later expanded to $85.7bn, and despite the decline, the stock is still more than 30 per cent above its $135 offering price. Financial analysts have pointed out that if those losses continue, SpaceX’s market value of $2.52 trillion would shrink by more than $150bn.

Elon Musk, Founder, CEO, Chairman, and Chief Engineer of SpaceX, spoke via videolink on the day of the company’s IPO at the Nasdaq MarketSite in New York City, a major exchange where companies like SpaceX list their shares.

Retail investors have purchased shares in SpaceX worth around $300m over the last three sessions. Analysts have warned that a combination of a small public float and a high valuation could trigger volatility in the nascent stages of SpaceX’s life as a publicly traded company, which is now exploring the benefits of being publicly traded.

Kat Liu, IPOX Schuster analyst, said, “Given the magnitude of the IPO and the strong initial performance, some degree of profit-taking is not surprising.”

They were not the only US space entity that saw shares drop, with Rocket Lab and Planet Labs dropping around 3 per cent, while AST SpaceMobile and Intuitive Machines declined around 7 per cent and 3 per cent respectively.

The company’s market value is currently at $2.52 trillion.

As the company continues to handle the public market, it will be important to watch how the stock performs and whether the company can meet the high expectations of its investors, who are looking for a strong return on investment.

It will also be worth looking at the performance of other companies in the industry, such as Rocket Lab and Planet Labs, which have also seen their shares drop in recent days.

For now, SpaceX is still a company that is very much in the spotlight, and its stock is likely to continue to be closely watched by investors and analysts alike.