SpaceX, the company that made going public look easy just days ago, is learning the other side of that coin. The stock has shed roughly $490 billion in market value over 48 hours, with shares falling 20% from their all-time high.
From record IPO to rapid retreat
SpaceX went public on June 12, 2026, pricing shares at $135 each. The IPO raised approximately $75 billion, a record haul that valued the company at around $1.75 trillion.
The debut was, by any measure, spectacular. Shares surged nearly 20% on day one, closing at roughly $161 and pushing SpaceX’s market cap past $2 trillion.
In the days that followed, the stock climbed even higher. Peak trading approached the $213 to $220 range in mid-June, placing SpaceX among the most valuable public companies on the planet.
