SpaceX shares fall 20% after record debut as investors retreat from risky tech

SpaceX shares fall 20% after record debut as investors retreat from risky tech

SpaceX crashed 50% to $114-120 by July 2026 from $225 peaks, falling below $135 IPO, as investors exited the $2T+ valuation over excessive AI spending. Signal for CTOs: tech asset valuations are correcting sharply; budget AI capex for ROI, not narrative.