Crypto▼ Bearish
SpaceX Stock Falls Below $135 IPO Price, Tokenized Volumes Hit $3.86B
SpaceX shares slipped to $132.15 on July 15, a 40% decline from the June peak. Tokenized equity trading surged 145% in June, led by Backpack's SPCX token. July volume data will test demand.
Continue with
SpaceX shares traded below their $135 IPO price for the first time on July 15, closing at $132.15. The stock has fallen 40% from its June 12 intraday high of $225.64.
The company raised $86 billion in what was the largest IPO on record. SpaceX's private valuation jumped from $350 billion in December 2024 to an estimated $800 billion by the end of last year, tied to its Starlink business and growing AI infrastructure contracts.
The post-IPO rally lasted days. The stock surged more than 67% above the offering price before a broader technology sell-off reversed those gains. Roughly $1.4 trillion in market capitalization has been erased since the peak.