Elon Musk’s SpaceX sinks below IPO price weeks after blockbuster listing | World News


1 min readNew DelhiJul 16, 2026 01:02 AM IST

If you invested in the world’s largest IPO, the value of your investment is now less than what you paid.

The shares of SpaceX, which debuted on the tech-heavy Nasdaq at an eye-watering $1.77 trillion valuation, are now trading below their initial public offering price just a month after the rocket and AI company’s market debut.

The company had raised an unprecedented $75 billion and catapulted its owner, Elon Musk, to becoming Earth’s first trillionaire.

The price of a SpaceX share fell about 2 per cent to $132.62 on Wednesday, dropping below its initial listing of $135 in June. When compared to the on-the-day high so far metric, SpaceX stock price has plunged to 41 per cent, BBC reported.

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Nischai Vats – Deputy Copy Editor specialising in US politics, US visa and immigration policy, and policy-driven international coverage.

Mashkoora Khan – Sub-editor focusing on global developments, with a strong emphasis on Canada visa, immigration, and study-related policy coverage. … Read More

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