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SpaceX Shares Fall Below $150 Debut Price

June 23, 2026

1 min read

Key Takeaways

SpaceX shares fell below $150 debut price for the first time.
Shares briefly fell to $149, then rose 1.3% to around $156.
SpaceX market value dropped by about $1 trillion.
Elon Musk's net worth decreased by about $41.7 billion.

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Strategic Implications

This decline may indicate investor concerns about SpaceX's valuation and market position. The drop in market value suggests a significant shift in investor sentiment, which could impact the company's ability to secure funding for future projects. The decrease in Elon Musk's net worth may also affect his influence and control over the company.

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What Happened

Elon Musk's Rocket Maker Sees Market Value Plummet

SpaceX shares have fallen below their $150 debut price for the first time, erasing gains for regular investors. The stock briefly dropped to $149 before rising 1.3% to around $156. This decline follows a record-setting IPO that raised over $85 billion and made Elon Musk the world’s first trillionaire. According to Forbes, the company’s market value has dropped by about $1 trillion, and Musk’s net worth has decreased by about $41.7 billion. This news was first reported by Forbes.

Source | Originally Published: June 23, 2026

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