SpaceX shares (SPCX) fell below their $135 IPO price for the first time amid a four‑day skid, weeks after the company’s record $86 billion offering and ahead of its 13th Starship test flight.
SpaceX shares (SPCX) dropped below the $135 initial public offering price on Wednesday, marking the first time they have traded under the IPO level since the company debuted last month. The stock fell for a fourth straight session and slipped roughly 1% on Wednesday, closing at $135.27 per share, according to the source.
What happened
Shares have been volatile since SpaceX’s historic June IPO, which raised a record $86 billion and elevated founder Elon Musk to what the source described as the first trillionaire. In its first month of trading, SPCX surged past $225 at one point and gained about 20% on its first full trading day. The stock later joined the Nasdaq‑100 after a recent rule change shortened the eligibility window for newly public companies to 15 trading days.
Market reaction and timing
The slide below the IPO price came as SpaceX prepares for its 13th Starship test flight, scheduled for Thursday. The dip—part of a multi‑day decline—suggests investor enthusiasm has cooled since the initial frenzy surrounding the debut.
Why this matters to investors and indexes
SpaceX’s quick addition to the Nasdaq‑100 brought index‑tracking funds into the stock shortly after the offering. The company’s move into the benchmark followed a rule change that allowed newly public companies to be eligible after 15 trading days. The stock had already slipped below its first trade price of $150 a day after joining the index.
Context & background
- IPO and fundraising: SpaceX’s offering in June was described as record‑setting, raising $86 billion.
- Price action since debut: Shares spiked above $225 during the first month and later pulled back, with the recent drop below $135 the first time the stock has traded under its IPO level.
- Nasdaq‑100 inclusion: The company joined the Nasdaq‑100 last week due to a shortened eligibility period for new listings.
What’s next
The immediate event risk cited in the source is SpaceX’s planned Starship Flight 13 test. The test flight’s timing coincides with the stock’s recent weakness, and traders are watching how operational milestones and subsequent investor sentiment will affect SPCX volatility.
Key quotes
Source reporting noted the company’s “historic IPO” and that the offering “raised a record $86 billion,” language used in the original coverage.
Bottom Line for Traders
The stock’s first move below its IPO price signals cooling post‑IPO momentum after a period of outsized gains. Index inclusion brought passive demand, but short‑term volatility appears linked to event risk around upcoming Starship testing and the normalization of trading following an intense debut.
$SPCX Live Price, Interactive Charts and Performance Graphs
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