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SpaceX shares fall below $135 IPO price for first time since June debut

$135 is the price SpaceX shares slid below, matching the company's Wall Street offering level and crossing it to the downside for the first time since the June debut. The figure carries direct math: above it, investors who bought the AI…

By Warren Ashby·Jul 20, 2026·1 min read·markets

Key takeaways

  • SpaceX shares fell below their $135 IPO price for the first time since the company's June debut.
  • The $135 level was SpaceX's Wall Street offering price, so investors who bought at the IPO are now holding a loss when the stock trades below it.
  • Until this session, SpaceX stock had traded above $135 for its entire public life since the June listing.
  • SpaceX came to market in June with a pitch combining rocket operations and AI, and that combination was priced at $135 per share.
  • The slide below $135 means the secondary market no longer supports the original offering price.

$135 is the price SpaceX shares slid below, matching the company's Wall Street offering level and crossing it to the downside for the first time since the June debut. The figure carries direct math: above it, investors who bought the AI and rocket group's IPO held a gain; below it, they hold a loss. The stock had traded above $135 from the date of the June listing until this session.

The IPO level inverted

An offering price breach resets the reference frame. What was the floor for IPO buyers is now the ceiling they need to recover. For any investor who paid $135 at SpaceX's June debut, the position is now underwater by however far the stock has moved below that mark. That cohort is, for the first time since the listing, on the wrong side of their entry price.

The dual-business discount

SpaceX came to market in June with a pitch combining rocket operations and AI, two areas drawing investor attention at the time of listing. The June offering priced that combination at $135 per share. The current slide below that level means the secondary market no longer supports the original offering price. No price history exists for SpaceX below $135; the stock has spent its entire public life above the offering level until now.

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Source: ft.com
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Frequently asked

Why is the $135 price level significant for SpaceX?

It was SpaceX's IPO offering price, so trading above it meant IPO buyers held a gain while trading below it means they hold a loss.

When did SpaceX go public?

SpaceX debuted on the public market in June, and its shares had stayed above the $135 IPO price until this session.

What businesses did SpaceX pitch to investors at its IPO?

SpaceX came to market combining rocket operations and AI, two areas drawing investor attention at the time, priced at $135 per share.

Has SpaceX stock ever traded below $135 before?

No, no price history exists for SpaceX below $135, as the stock spent its entire public life above the offering level until now.