For the first time since its listing, SpaceX fell below its issue price, almost giving back the gains since listing

Golden Finance reported that on July 16, more than a month had passed since SpaceX, the U.S.-listed space exploration technology company, began trading. Recently, the company’s share price has shown even more noticeable volatility. During the intraday session on the 15th, it even dipped below its $135 per-share offering price, marking the first time since the listing that it has broken the issue price.

According to a report from CCTV Finance, on the 15th local time, SpaceX’s share price fell as low as $132.15 per share, below its $135 offering price. By the close, it rebounded to $135.27, down 0.6% from the previous trading day. This was the fourth consecutive day of decline, nearly wiping out all gains since the listing. Analysts said the market is growing cautious about the costs and returns of AI-related infrastructure; concerns about the outlook for SpaceX’s xAI business have also been raised, and the imminent end of the shareholder lock-up period has further added downward pressure. Data shows that since SpaceX listed on June 12, its share price had previously reached a high of $225.64.