EL7.AI
StocksUpdated×3•Originally published 23 July 2026•Updated 23 July 2026•
1 min read

SpaceX Erases $1.16 Trillion in Value as Shares Sink Below IPO Price

Key Facts

1SpaceX shares fell more than 3% on Thursday, trading around $111.35.
2The decline follows the delay of a Starship test flight, seen as a key catalyst for the company.
3The stock extended its volatile stretch after tumbling 6.7% on Wednesday.

Amid a severe sell-off following its initial public offering, SpaceX has faced massive market pressure that erased approximately 44% of its market capitalization since its June 23 peak. According to reports, the company's valuation has shrunk by roughly $1.16 trillion, with shares hitting a new low of $110.85, significantly breaching the $135 IPO price.

The losses extended beyond the equity market into the company's debt instruments, reflecting growing investor concern over financial stability and growth prospects. SpaceX's 6.65% senior unsecured bonds due 2056 dropped from 97 cents to 87.6 cents on the dollar, while short sellers have accumulated estimated paper profits of $15.5 billion since the June debut.

Traders should watch for price stabilization around the $110.85 level (intraday, July 23, 2026) as a critical technical support following the breach of the $135 handle. Looking ahead, broader market sentiment remains tied to recent US Consumer Confidence data (54.4 points), with no direct aerospace catalysts in the upcoming 7-day calendar to potentially stem the current decline.