SpaceX shares breach $135 IPO price for first time following Nasdaq-100 inclusion
The stock has fallen below its initial public offering threshold shortly after joining the Nasdaq-100, marking a shift from its debut performance.
SpaceX shares have fallen below their initial public offering price of $135 for the first time, ending a period where the stock had traded above that level since its debut. The decline occurred on Wednesday, marking the fourth consecutive session of losses for the spaceflight manufacturer.
The drop in share price coincided with the company’s recent entry into the Nasdaq-100 index. The decline happened shortly after the inclusion, though the source material does not establish a direct causal link between the index addition and the share price movement.
SpaceX opened trading on the Nasdaq on 11 June 2026 at $150 per share. The initial public offering was priced at $135 per share, raising approximately $75 billion in capital. The offering valued the company at around $1.77 trillion.
On its debut day, the stock rose 27% to $172 in early trading. The IPO coincided with modest gains in US equity markets and a drop in oil prices, driven by reports of an interim peace deal between the United States and Iran regarding the Strait of Hormuz.
While the stock has now breached the $135 threshold, the specific closing price on Wednesday is not provided in the source material. The connection between the stock decline and the Nasdaq-100 entry is noted as coincidental, lacking precise chronological data beyond the "shortly after" description.
Claims regarding CEO Elon Musk becoming the world’s first trillionaire on paper were based on the paper valuation at the time of the IPO and may fluctuate with market conditions. The broader market context during the IPO debut included reactions to geopolitical developments, which may not directly influence current trading dynamics.
The fourth consecutive session of declines represents a notable shift from the initial enthusiasm surrounding the listing. Investors and analysts will likely monitor whether the stock stabilises below the IPO price or if further volatility emerges following the index inclusion.
