SpaceX stock falls 33% from peak, slips below $135 IPO price: Here's why

SpaceX stock fell below its $135 IPO price, closing at $136.08 on July 14, 2026, then slipped further.

The stock dropped 33% from its peak of $225 on June 16, 2026, erasing nearly $850 billion in market value.

The IPO raised over $85 billion after the overallotment option was exercised, making it the world's biggest IPO.

SpaceX's three main businesses are rocket launches, satellite internet services, and artificial intelligence.

Elon Musk's leadership and SpaceX's plans for space-based data centers and Mars colonization attracted investor interest.