- SpaceX, technically Space Exploration Technologies Corp., had its initial public offering on June 12, 2026, with an IPO price of $150 a share, closing at $160.95 on the first day.
- The stock rose to approximately $225 in the following weeks but has since declined, now trading 11% below its IPO price.
- Analysts caution against buying SpaceX stock at current levels, suggesting that its medium outlook isn't great.
- After its IPO, SpaceX's stock initially climbed almost 50% from its mid-June price, outperforming other major Nasdaq debuts.
- However, the stock has since performed worse than almost 80% of similarly large Nasdaq IPOs at the same stage after listing.
- Cumulative inflows into SpaceX-linked funds have been stuck between $900 million and $1 billion since late June, indicating a lack of sustained demand.
SpaceX's stock has seen a dramatic decline since its IPO, which opened at $150 on June 12, 2026, and peaked at $225. As of now, it trades 11% below its IPO price, reflecting a significant downturn in momentum.12
The initial excitement surrounding the IPO saw shares climb nearly 50% from their opening price, outperforming other major Nasdaq debuts. However, the stock has since fallen below its initial level, performing worse than 80% of similarly large Nasdaq IPOs at the same stage.
Analysts, including Sam Grelck from Truist Advisory Services, caution against buying, noting that significant dips are common post-IPO. “Historically, over the first 12 months, even those that have performed well in many cases have tended to have pretty significant drawdowns at some point,” he stated.3
ETF flows have also indicated a cooling demand, with cumulative inflows stagnating between $900 million and $1 billion since late June. This suggests that the initial rush of investment was not sustained.6
Despite the stock's current struggles, SpaceX remains a company to watch, with significant investments in its AI segment, where it sees a potential $26.5 trillion opportunity. However, analysts recommend waiting for a steeper decline before considering an investment.
“SpaceX has significant potential and is worth keeping on investors' watchlists,” one analyst noted, but emphasized the importance of caution at current levels.
“Cumulative inflows into SpaceX-linked ETFs have stalled at roughly $1 billion since late June, suggesting the first wave of demand arrived in a single burst. Macro strategist Simon White warns the stock's decline may foreshadow a broader 10-15% correction.”
Forbes
The Globe and Mail
