SpaceX Nears IPO Price at $137.68, Sheds $800B in Market Cap Since Peak
SPCX is trading near its 52-week low of $137.68 (0.6% above the low) on light trading volume (0.2× avg).
Summary
SpaceX shares hit a new post-IPO low of $137.68, just above the $135 offering price, and are down about 4% on the day. The stock has lost roughly $800 billion in market cap since its June 16 closing peak, erasing much of the post-IPO surge. This follows the record $86.25 billion IPO and a brief valuation spike to nearly $3 trillion. The decline brings the stock dangerously close to its IPO price, a key psychological level for traders.
At the time of this announcement, SPCX was trading at $138.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $137.68 to $225.64. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.