StocksMedium•5 November 2026•
1 min read
SpaceX Stock Plunges Below IPO Price Amid Selling Pressure
Key Facts
1SpaceX (SPCX) stock dropped below its initial public offering (IPO) price during the extended session leading into Thursday, November 5.
2The stock has been on an overall downtrend over the last 30 days of trading.
SpaceX (SPCX) stock dropped below its initial public offering (IPO) price during the extended trading session leading into Thursday, November 5, 2026. Finbold reported that this decline marks a significant technical and psychological breakdown for the equity, following a consistent downtrend observed over the last 30 days of trading.
The stock closed at $135.92 on November 4, 2026, before breaching its IPO floor in subsequent trading. During the session on November 4, SPCX reached a daily low of $133.14, as market sentiment reacted to recent political shifts and expectations of heightened scrutiny regarding the company's federal involvement.