SpaceX Stock Dips Below $135 IPO Price for First Time — SkimNews
SkimNews Take
A stock that closes barely above its offer price on the same day it briefly trades below it is being held by support psychologically anchored to the IPO level—a fragile floor unlikely to withstand sustained pressure.
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- SpaceX shares fell for a fourth consecutive session on Wednesday, briefly dipping below their $135 IPO price for the first time before closing at $135.27, down roughly 1%.
- The company's blockbuster IPO last month raised a record $86 billion and cemented founder Elon Musk as the first trillionaire.
- SpaceX shares had surged past $225 during their first month of trading — skyrocketing about 20% on the first full day — before the recent unwind erased the bulk of those gains.
- The stock slide comes ahead of SpaceX's 13th Starship test flight, slated for Thursday.
- SpaceX was inducted into the Nasdaq-100 last week under a rule change that shortened the eligibility period to 15 trading days for newly public companies; shares slumped below their first trade price of $150 a day after joining the index, pulling passive index-fund investors underwater.
- Both Anthropic and OpenAI have confidentially filed to go public with the SEC, with the source noting their offerings could extend a potential IPO hot streak SpaceX helped launch.
Why it matters: Passive index-fund investors who gained SpaceX exposure through last week's Nasdaq-100 inclusion are now below the $150 reference price and barely above the $135 IPO mark, making Thursday's 13th Starship test a near-term catalyst that could either validate or deepen the post-IPO slide.
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