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SpaceX Shares Slip Below $150 Debut Price as Market Cap Falls Under $2 Trillion

6/24/2026

SpaceX stock has pulled back beneath its $150 IPO debut price, pushing the space and AI company's market capitalization below $2 trillion.

The retreat erases the gains generated by an initial surge that followed the company's record-breaking initial public offering.

Debut Price Loses Its Floor The $150 level carries a specific weight: it is the price at which SpaceX entered public markets, making it the clearest near-term anchor for investors assessing where the stock settles.

A slide below that figure means buyers who participated in the IPO are now at breakeven at best, and anyone who chased the post-listing rally is underwater.

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