SpaceX shares (NASDAQ: SPCX) fell 2.2% on July 14, 2026, closing at $136.08, just $1.08 above the $135 per-share offering price from the company's June 12 public debut, as the stock entered a third consecutive session of declines on volume of approximately 45 million shares.
CNBC reported on July 13 that SPCX had sunk for a second straight day, nearing its IPO price and setting a new all-time closing low of $136.78 at that session's end. Monday's close of $136.08 extended that record lower.
From all-time high to IPO-price test in less than a month
SpaceX priced its initial public offering at $135 per share on June 11, 2026, with shares debuting on the Nasdaq at $150 the following morning. The stock surged to an intraday all-time high of $225.64 on June 16, only four trading days after it began trading. From that peak through Monday's close, SPCX has shed roughly 40% of its value and is now testing the offering price that anchored the largest IPO in U.S. history, which raised approximately $75 billion, per CNBC.
On a 30-day basis, SPCX is down approximately 15%, underperforming the broader Nasdaq composite over the same period.
Why the $135 level matters
A stock's IPO price often functions as a significant psychological and technical reference point. The $135 level is the price at which institutional investors who participated in SpaceX's book-built offering took their initial positions. A sustained close below that level would mark the first time SPCX has traded under its offering price since the company went public, a threshold that can draw additional selling pressure from IPO allocatees who benchmark performance against their entry cost.