2 min readNew DelhiUpdated: Jul 16, 2026 02:18 AM IST

If you invested in the world’s largest IPO, the value of your investment is now less than what you paid.

The shares of SpaceX, which debuted on the tech-heavy Nasdaq at an eye-watering $1.77 trillion valuation, are now trading below their initial public offering price just a month after the rocket and AI company’s market debut.

The company had raised an unprecedented $75 billion and catapulted its owner, Elon Musk, to becoming Earth’s first trillionaire.

The price of a SpaceX share fell about 2 per cent to $132.62 on Wednesday, dropping below its initial listing of $135 in June. When compared to the on-the-day high so far metric, SpaceX stock price has plunged to 41 per cent, BBC reported.

SpaceX stock crash comes ahead of the Texas-headquartered company’s 13th Starship test flight, which is scheduled for Thursday. Shares of SpaceX have remained volatile since its market debut a little over a month ago.

After SpaceX acquired Musk’s artificial intelligence (AI) startup xAI earlier this year, the SpaceX IPO was being viewed by investors as their first investment in an AI company and the IPO was successful in creating an investor frenzy, which saw SpaceX being valued at more than Amazon and Microsoft.

According to Daniela ​Hathorn, senior market analyst at Capital.com, “The stock’s retreat “seems to be a combination of profit-taking, valuation reassessment and the unwinding ​of ​extremely bullish positioning following one of the most anticipated listings in recent years,” Reuters reported.

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