SpaceX shares declined more than 10% by midday Monday, trading around $165. This drop places the stock approximately 20% below its high point from last week, when it briefly surpassed $200 per share. The SpaceX shares decline means that many investors who purchased the stock shortly after its initial public offering (IPO) price of $135 have likely seen their gains disappear.
Despite the recent downturn, shares remain about 37% higher than the IPO price. However, the current trading level is not significantly above the roughly $150 per share price observed when the stock began trading freely on the open market on June 12.
Elon Musk maintains substantial control over SpaceX, holding 82% of the company’s voting power. He has indicated a clear intent to retain singular control of the aerospace and artificial intelligence firm.
SpaceX reported a net loss of $4.9 billion in 2025. The company also incurred nearly the same amount in losses during the first quarter of the current year alone. These financial figures provide context for the company’s valuation and market performance.
The company’s stock performance reflects broader market dynamics and investor sentiment following its public debut. Initial enthusiasm often leads to price volatility as the market assesses long-term prospects against financial realities.
Uncertainty remains regarding how long the current downward trend will persist. Investors will be watching for future financial reports and company announcements to gauge potential recovery or further declines.