SPCX Stock Falls Below $135 IPO Price for the First Time

SpaceX shares (Nasdaq: SPCX) fell as much as 2.9% intraday to $132.15 on July 15, 2026 before closing at $135.27 — dipping below the company's $135 IPO offer price for the first time since the June 12 debut, a fourth consecutive down day. The stock had traded above $200 in the weeks after its IPO, briefly touching an all-time high of $225.64 on June 16, before losing value in most weeks since. Analysts attributed the pullback to profit-taking, reassessment of the roughly $1.77 trillion IPO valuation, and volatility amplified by a thin public float (only about 4% of total shares trading on Nasdaq), rather than any single negative catalyst. The decline came the day before SpaceX's high-stakes Starship IFT-13 test flight.