WSJ Tech News Briefing · Tuesday, July 28, 2026
Shares of SpaceX are currently trading approximately 18% below their initial public offering (IPO) price of $135, following a significant market debut in mid-June. The company, founded by Elon Musk, saw its stock climb above $200 shortly after its IPO but has since experienced a decline, losing about $1.2 trillion in market capitalization.
“And shares of SpaceX are trading about 18% below its IPO price of $135.”
“Elon Musk's space exploration and AI company debuted on Wall Street mid-June.”
“It has since shed some $1.2 trillion in market cap as it wipes those early gains and continues to fall below its IPO price.”