SpaceX (Nasdaq: Spex(had an explosive IPO)IPO) last month, but investors who gained direct exposure to the company in its debut unfortunately experienced some notable losses.
Specifically, a $10,000 investment made at SpaceX’s IPO price of $135 per share on June 12, 2026, would now be worth roughly $9,706, with the space exploration leader trading barely above $131 as of press time, July 17.
The losses come after a somewhat turbulent first month of trading following the largest initial public offering in history. In fact, Elon Musk’s company debuted with an initial valuation of around $1.77 trillion and closed the first trading session with a market capitalization of over $2 trillion.
In just four days, SPCX shares reached an intraday high of nearly $211 before broader market weakness began, as profit-taking and renewed concerns about the company’s valuation sent the stock lower.
SpaceX shares It fell below its IPO price of $135 For the first time on July 15, it hit a session low of $132.28 before recovering to close at $135.27. By press time, the price had fallen to the $131 level mentioned above.
This decline has reduced SpaceX’s market value to approximately $1.72 trillion, a significant decline from the approximately $2.9 trillion valuation recorded just four days after its debut.
Why did SpaceX shares collapse?
First and foremost, the sell-off reflects growing investor concerns about SpaceX’s valuation and financial outlook as the company approaches its first earnings report in August.
Currently, analysts expect SpaceX to generate revenue between $34 billion and $43 billion this year, up from $18.7 billion in 2025. However, many investors are on guard as SpaceX has posted a net loss of about $4.9 billion in 2025.
Shareholders are also watching for a potential increase in selling pressure later in 2026. For example, opening up insider shares after the upcoming quarterly separation could expand the public float, allowing some employees to sell portions of their holdings.
Looking to the future, SpaceX’s growth is driven by several predictions. The most important of which are the Falcon launches, the expansion of the Starlink satellite Internet network, the development of Starship, and potential artificial intelligence (Amnesty International) Infrastructure projects.
However, the company faces significant implementation risk as it invests heavily in these technologies. As a public company approaches its first earnings report, investors will be watching whether management can turn technology leadership into strong enough financial performance to justify a multi-trillion-dollar valuation and deliver gains for early and future backers.
Featured image via Shutterstock
