SpaceX Stock Has Officially Fallen Below Its Opening Price
Crashing back to Earth.
By Victor Tangermann
Published Jun 23, 2026 11:01 AM EDT
Elon Musk’s SpaceX went stratospheric following its June 12 IPO, soaring from an opening price of $150 to an all-time high of just over $225, inflating its market cap to just shy of $3 trillion.
But in the days that followed, many investors started getting cold feet, wiping out hundreds of billions of dollars in value as the shares slid, slowly at first, before accelerating their return to the ground. On Monday alone, shares plummeted by almost 17 percent, its worst single-day performance to date.
By Tuesday morning, SpaceX’s 11-day maiden voyage into orbit was symbolically bookmarked by shares plunging below the company’s opening price, reaching an all-time low of a hair over $147. In other words, SpaceX had officially wiped out any gains it has made since going public. (Shares later rebounded to the mid-$150s, a trough that would have been unthinkable just a few days ago.)
SpaceX's shares plunged below the company's opening price, reaching an all-time low of a hair over $147, wiping out all gains so far.
