SpaceX Shares Fall Below $135 IPO Price as Post-Listing Surge Fades
SpaceX stock slipped 1.5% to $134, breaking below its $135 IPO price for the first time since the company went public in what was billed as the largest IPO in history. At its peak, the listing briefly pushed SpaceX's market value above both Microsoft and Amazon. Short sellers have now accumulated $3.8 billion in unrealized mark-to-market gains on the position.
Retail investors who bought into the IPO hype are now underwater, and the $3.8 billion short-seller gain signals meaningful institutional skepticism about the valuation SpaceX commanded at listing. Space sector ETFs and any funds that added exposure at or near the IPO price face direct drawdown pressure. The breach of the IPO price is also a psychological level that often accelerates selling as momentum buyers exit.
Starship test flight: evening of the current trading day. Next SpaceX earnings or revenue disclosure: no scheduled date confirmed. Broader market sentiment check: next S&P 500 options expiry, typically the third Friday of the month.
- SpaceX shares slide below IPO price for first time as surge fizzles · The Guardian Business
- SpaceX short sellers notch $3.8B in mark-to-market gains · Seeking Alpha
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- SpaceX: Stock falls below IPO price · Manager Magazin
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- Space start-up funding holds near record highs as SpaceX IPO draws new investors · The Straits Times Business
- SpaceX sets evening Starship launch in first test flight since IPO · Seeking Alpha
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