SpaceX Stock Drops $1 Trillion After Record-Breaking IPO
SpaceX erased $1 trillion in market value following the largest initial public offering in history, amid a broader trend of high-valuation tech IPOs in 2026.
Space Exploration Technologies Corp. executed the largest initial public offering in history in June 2026. The company experienced immediate success upon going public, as strong demand from retail investors pushed the share price to a peak of $176 during its first day of trading.
Following the initial surge, the stock entered a steady decline. This downward trend resulted in the company erasing $1 trillion in market value from its peak valuation.
The volatility of the SpaceX stock occurs within a wider market trend of high-valuation technology debuts. Other artificial intelligence companies, including OpenAI and Anthropic, are also targeting significant public offerings in 2026.
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