SpaceX shares closed at $114.92 on August 6, 2026—$20.08, or 14.9%, below their $135 initial public offering price. Elon Musk's estimated wealth also declined sharply as the value assigned to SpaceX fell, although valuation changes explain part of that drop. The stock was nearly 49% below its $225 post-IPO high, according to the Associated Press. For shareholders, the central issue is whether expanded share supply and heavy spending will keep pressuring the price.
Table of Contents
- How far has SpaceX fallen?
- Why did the lockup expiration matter?
- What do SpaceX's results tell investors?
- How much did Musk's wealth decline?
- What should shareholders and wealth watchers monitor?
How far has SpaceX fallen?
An initial public offering, or IPO, is a company's first sale of shares to public investors. SpaceX priced 555,555,555 Class A shares at $135 each on June 11, with trading beginning June 12 under the ticker SPCX, according to the company's IPO announcement. The shares subsequently reached $225 before falling to $114.92.
Someone who bought at the IPO price therefore had an unrealized loss of $20.08 per share at the August 6 close. An unrealized loss is a decline on paper; it becomes realized if the investor sells. The retreat erased an enormous amount of market value before the stock even reached its August level. On July 17, shares traded at $123.99, valuing SpaceX at $1.63 trillion, compared with $2.64 trillion at the June 16 close, Bloomberg Law reported.
Why did the lockup expiration matter?
A lockup temporarily prevents insiders and certain early shareholders from selling after an IPO. When SpaceX's first lockup expired, more than 900 million shares became eligible for trading, the Associated Press reported. That roughly doubled the available float—the shares that can trade publicly.
A sudden increase in potential supply can produce volatility, especially if buyers do not absorb shares as quickly as sellers offer them. Eligibility to sell does not mean every newly unlocked share was sold. The lockup expiration therefore offers important context for the decline, but it does not prove that insider selling alone caused it.
What do SpaceX's results tell investors?
SpaceX reported a $541 million second-quarter loss on $7.8 billion in revenue, according to the Associated Press. The company also increased spending on research, development and infrastructure. Those figures show the tension investors must assess.
SpaceX generated billions in quarterly revenue, but its investment program still produced a substantial reported loss. The results provide a financial backdrop for the selloff, not a definitive explanation. Share prices can reflect operating performance, expectations, valuation concerns and changing share supply at the same time.
How much did Musk's wealth decline?
Forbes estimated Musk's net worth at $695.7 billion on July 27, about $750 billion below its June 16 peak. The estimate fell as the SpaceX rout continued, but it also included a $116 billion adjustment to how Forbes valued his Tesla options, according to Forbes. That distinction matters.
A net worth estimate measures the assigned value of assets and liabilities; it is not the same as cash in a bank account. Musk did not necessarily sell assets or personally realize the full reported decline. It would also be misleading to attribute the entire $750 billion change to SpaceX. Part came from the lower SpaceX valuation, while at least $116 billion reflected a separate valuation-method change involving Tesla options.
What should shareholders and wealth watchers monitor?
Readers evaluating SpaceX or Musk's fortune should separate three moving parts: For shareholders, the $135 IPO price is a useful reference point, but it does not establish what the business is worth today. The $225 high is equally limited because it records peak market enthusiasm rather than guaranteed underlying value.
For celebrity-wealth readers, methodology is just as important as the headline number. When comparing future estimates, check whether the publisher changed how it values Tesla options before assigning the entire movement to SpaceX.
- SpaceX's market price, including whether it remains below $135.
- The market's ability to absorb more than 900 million newly tradable shares.
- Changes in the methods publishers use to estimate Musk's private and public holdings.