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.

The Express Global Desk at indianexpress.com which delivers authoritative, verified, and context-driven coverage of key international developments shaping global politics, policy, and migration trends. The desk focuses on stories with direct relevance for Indian and global audiences, combining breaking news with in-depth explainers and analysis.

A major focus area of the desk is US immigration and visa policy, including developments related to student visas, work permits, permanent residency pathways, executive actions, and court rulings. The Global Desk also closely tracks Canada’s immigration, visa, and study policies, covering changes to study permits, post-study work options, permanent residence programmes, and regulatory updates affecting migrants and international students.

All reporting from the Global Desk adheres to The Indian Express’ editorial standards, relying on official data, government notifications, court documents, and on-record sources. The desk prioritises clarity, accuracy, and accountability, ensuring readers can navigate complex global systems with confidence.

Core Team

The Express Global Desk is led by a team of experienced journalists and editors with deep expertise in international affairs and migration policy:

Aniruddha Dhar – Senior Assistant Editor with extensive experience in global affairs, international politics, and editorial leadership.

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

Stay updated with the latest – Click here to follow us on Instagram





Source link

  • Related Posts

    Demolition order issued against 38 of 40 buildings at Azam Khan’s university | Lucknow News

    3 min readLucknowJul 16, 2026 02:44 AM IST A demolition order was issued on Wednesday by the Rampur Development Authority (RDA) for 38 of the 40 buildings on the campus…

    Sumul Dairy polls: 7 out of 9 seats see ‘100% polling’ | Ahmedabad News

    3 min readSuratJul 16, 2026 02:11 AM IST Elections for nine seats of the Sumul Dairy board were held peacefully on Wednesday. While the board has 16 seats for which elections are held, candidates backed by the BJP won seven of them uncontested. As…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Demolition order issued against 38 of 40 buildings at Azam Khan’s university | Lucknow News

    Demolition order issued against 38 of 40 buildings at Azam Khan’s university | Lucknow News

    Sumul Dairy polls: 7 out of 9 seats see ‘100% polling’ | Ahmedabad News

    Sumul Dairy polls: 7 out of 9 seats see ‘100% polling’ | Ahmedabad News

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

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

    In a first, EPFO interest for FY26 credited in one go to 35 crore accounts | Business News

    In a first, EPFO interest for FY26 credited in one go to 35 crore accounts | Business News

    Ahead of Prashant Kishor’s electoral debut, Jan Suraaj suffers setback as key Bihar leaders join BJP | India News

    Ahead of Prashant Kishor’s electoral debut, Jan Suraaj suffers setback as key Bihar leaders join BJP | India News

    Diljit Dosanjh reveals what’s in his Rs 3.45 lakh luxury bag

    Diljit Dosanjh reveals what’s in his Rs 3.45 lakh luxury bag