SpaceX shares slump more than 50% from peak as investors await first earnings result - Businessday NG

SpaceX shares have declined more than 50 percent from their post-IPO peak to around $113.50, as the company approaches its first earnings report on August 4, 2026.

Investors’ concerns regarding cash burn, Starship test results, and an upcoming lock-up expiration on August 6 have pressured the stock below its $135 IPO price.

SpaceX stock has plunged over 50 percent from its post-listing peak of $225.64, down to near $113, erasing market value following its blockbuster June 12 IPO priced at $135.

Shares surged to $225.64 days after listing before declining to $113, a decline below the initial $135 IPO price.

Analysts attribute the drop to cooling initial hype, high price-to-sales ratios, heavy AI spending plans, and upcoming lock-up expirations.