SpaceX Opens at $125.33, Down From $211.39 as SpaceXAI Doubts Deepen

1 articles · Updated · Forbes · Jul 20

$125.33 was SpaceX's July 20 opening price, extending a sharp retreat from its post-IPO peak after the stock debuted at $150 on June 12.
Shares had surged to a $211.39 close four days after the listing, then slid to $154.60 by June 22 before continuing an uneven decline.
Growing skepticism around SpaceXAI's ability to deliver on generative AI promises has added to the pressure, even as Starlink remains the company's main money-maker.
The drop fits a broader pattern of heavy volatility in major IPOs, where early hype, limited share supply and later reassessment often produce steep drawdowns.