SpaceX shares fall below IPO price for the first time

SpaceX shares slipped below their $135 initial public offering price on Wednesday for the first time, according to CNBC. For investors who bought into the public debut, that means the stock is now trading under the price set when the company sold shares in its IPO.

CNBC reported that the decline marked the stock’s fourth straight losing session. The outlet’s quote data showed SpaceX, trading under the ticker SPCX, down $2.85, or 2.09%.

The move is a simple but closely watched milestone. An initial public offering, or IPO, is the process a company uses to sell shares to public investors for the first time. The IPO price is the starting sale price for those shares in that offering. When a stock falls below that level, the market is valuing the shares at less than the offering price, at least at that moment.

CNBC described the report as breaking news and did not provide a stated reason for the decline in its initial update.

Why investors watch the IPO line

The IPO price can become a psychological marker because it gives investors a clean reference point. A stock above its IPO price suggests the market is willing to pay more than the debut valuation. A stock below that price shows that buyers in the open market are paying less than the company’s original public offering level.

That line does not, by itself, explain whether a company’s operations have improved or weakened. Stock prices can move for many reasons, including company news, broader market conditions, investor sentiment, or selling pressure after a new listing. CNBC’s initial report only confirmed the price move and the four-session losing streak.

SpaceX’s public-market debut took place on June 12, 2026, according to a Reuters photo caption from outside the Nasdaq MarketSite on the day of the IPO. The stock’s drop below $135 came a little over a month later.

For retail investors, the key point is that the market has now erased the stock’s debut premium relative to its offering price. The next details to watch will be whether SpaceX or market data provide more context on what drove the selling and whether the shares remain below the IPO level after Wednesday’s session.

This story draws on original reporting from CNBC.