In a striking turn for one of the most anticipated public debuts in financial history, shares of Space Exploration Technologies Corp., trading under the ticker SPCX on Nasdaq, closed at $113.50 on Monday, July 27, 2026. The stock shed $1.57, or 1.36%, from the previous close of $115.07, marking yet another session in a broader downward trend that has seen the aerospace giant lose nearly half its value from June peaks.
This latest decline pushed SPCX to a new all-time low for the post-IPO era, with intraday trading ranging between $108.66 and $114.85. Volume remained elevated at approximately 63 to 64 million shares, reflecting continued intense investor interest despite the sell-off. After-hours trading saw further softening, with shares hovering near $112.30.
From Record IPO to Rapid Repricing
SpaceX made headlines earlier this summer with what many described as the largest IPO in history. Priced at $135 per share in mid-June 2026, the company achieved an eye-watering initial valuation exceeding $1.7 trillion. The public listing under the ticker SPCX transformed the privately held rocket pioneer into a widely traded entity almost overnight. Early enthusiasm drove the stock to highs of $225.64 around June 16, fueled by excitement over Starlink expansion, reusable rocket technology, and Elon Musk’s ambitious vision for interplanetary travel.
Yet the euphoria proved short-lived. In just over a month, SPCX has surrendered more than 49% of its peak value. Analysts point to several converging factors: broader market rotation out of high-growth technology and growth stocks, profit-taking after the explosive post-IPO run, and questions surrounding near-term profitability.
The company, which operates both its core launch services and the Starlink satellite internet constellation, reported trailing twelve-month revenue of roughly $19.3 billion. However, it continues to post significant net losses — approximately $9.36 billion in the most recent period — largely due to massive capital expenditures on rocket development, satellite deployment, and next-generation infrastructure like Starship.
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