--- title: "SpaceX Shares Slide Toward Their $135 IPO Price After a Blockbuster Debut" description: "SpaceX stock has fallen for two straight sessions, closing around $137 on July 13, near the $135 price at which it went public a month ago. The retreat has erased most of a debut-day pop and follows a Starship test failure, even as the company just won clearance to fly again." category: "Markets" category_url: https://boursel.com/category/markets author: "Daniel Okonkwo" published: 2026-07-14T13:27:00.000Z updated: 2026-07-14T13:27:00.000Z canonical: https://boursel.com/article/spacex-shares-slide-toward-their-135-ipo-price-after-a-blockbuster-debut tags: ["spacex", "ipo", "stocks", "starship"] --- # SpaceX Shares Slide Toward Their $135 IPO Price After a Blockbuster Debut SpaceX stock has fallen for two straight sessions, closing around $137 on July 13, near the $135 price at which it went public a month ago. The retreat has erased most of a debut-day pop and follows a Starship test failure, even as the company just won clearance to fly again. Shares of SpaceX, which began trading only a month ago in one of the largest stock-market debuts on record, have slid back toward the price at which they were sold. The stock fell for a second straight session and traded around $137 on July 13, [barely above its $135 initial-offering price and down sharply from a June high, according to market data on Yahoo Finance](https://finance.yahoo.com/quote/SPCX/). For investors who bought the first-day enthusiasm, it has been a quick round trip. ## From pop to give-back SpaceX priced its initial public offering at $135 a share and started trading on June 12, closing its first day near $161, a gain of about 19%. The stock kept climbing to an intraday peak of $225.64 on June 16, [Yahoo Finance data show](https://finance.yahoo.com/quote/SPCX/), before rolling over through late June and into July. By this week it had round-tripped almost all of that advance, leaving it a whisker above the IPO level. The reversal has not shaken every analyst. Bank of America's Ron Epstein began coverage with a buy rating and a $235 price target, [arguing SpaceX's dominance in launch will eventually support a higher valuation](https://finance.yahoo.com/markets/stocks/article/as-spacex-stock-dips-near-ipo-price-bulls-like-bofas-epstein-say-buy-on-launch-leadership-150227637.html). That is one view, not a forecast; a newly public, richly valued stock can stay volatile as the market settles on a price. ## A Starship setback, then a green light Part of the recent unease traces to SpaceX's Starship program, its next-generation rocket. On May 22 the first test flight of the third-generation vehicle, Starship V3, ran into trouble when the Super Heavy booster failed to reignite its engines properly for a controlled splashdown in the Gulf of Mexico and instead hit the water hard, [TechCrunch reported](https://techcrunch.com/2026/07/13/spacex-cleared-to-fly-starship-again-after-booster-failure-in-may/). The Federal Aviation Administration opened a review and paused further flights while the cause was investigated. That overhang has now lifted. The FAA closed its mishap investigation and cleared SpaceX to resume flights, [with the company saying the next launch could come as soon as Thursday, July 16, carrying the first third-generation Starlink satellites](https://techcrunch.com/2026/07/13/spacex-cleared-to-fly-starship-again-after-booster-failure-in-may/). Notably, the clearance did not immediately arrest the stock's slide, which suggests broader market forces, not just company news, are at work. ## What the round trip says A stock returning to its offer price is not, by itself, a verdict on the business. It can equally mean the IPO was priced close to fair value and that the first-day surge ran ahead of it. SpaceX's revenue rests on commercial and government launches and its Starlink satellite-internet service, businesses that will not be re-rated by a few weeks of trading. For now, the market is simply doing what it often does with a hyped debut: testing where a fair price really sits. ## Sources - [SpaceX (SPCX) stock price and history](https://finance.yahoo.com/quote/SPCX/) - [As SpaceX stock dips near IPO price, bulls like BofA's Epstein say buy](https://finance.yahoo.com/markets/stocks/article/as-spacex-stock-dips-near-ipo-price-bulls-like-bofas-epstein-say-buy-on-launch-leadership-150227637.html) - [SpaceX cleared to fly Starship again after booster failure in May](https://techcrunch.com/2026/07/13/spacex-cleared-to-fly-starship-again-after-booster-failure-in-may/)