{"id":65,"date":"2026-07-14T07:22:34","date_gmt":"2026-07-14T07:22:34","guid":{"rendered":"http:\/\/2nmnews.com\/?p=65"},"modified":"2026-07-14T07:22:34","modified_gmt":"2026-07-14T07:22:34","slug":"spacex-shares-retreat-after-record-breaking-ipo-debut","status":"publish","type":"post","link":"https:\/\/2nmnews.com\/?p=65","title":{"rendered":"SpaceX Shares Retreat After Record-Breaking IPO Debut"},"content":{"rendered":"\n

SpaceX shares have fallen sharply from their early peak after a historic stock-market debut, as investors reassess the company\u2019s current business and its ambitious artificial-intelligence strategy.<\/p>\n\n\n\n

The company priced its initial public offering at $135 a share on 12 June. Trading opened at $150, climbed as high as $176 on the first day and closed at $160.95, making it the largest IPO on record, according to BBC reporting.<\/p>\n\n\n\n

Shares later reached an intraday peak of $225 amid enthusiasm surrounding Elon Musk and SpaceX\u2019s acquisition of the AI company formerly known as xAI. But the stock weakened as attention returned to SpaceX\u2019s core rocket-launch and Starlink satellite businesses.<\/p>\n\n\n\n

\"Chart
SpaceX shares rose above $200 before ending their first month near $145. Chart: BBC; data source: Bloomberg.<\/figcaption><\/figure>\n\n\n\n

At the end of its first month, the stock traded around $145\u2014about 35% below its peak and roughly 18% below the highest level reached on its first trading day. Investors who bought during the opening surge were therefore facing potential losses.<\/p>\n\n\n\n

SpaceX\u2019s addition to major indexes produced mixed results. Inclusion in the FTSE Russell index briefly supported the stock, while shares fell 4.4% on the day the company joined the Nasdaq-100, compared with a 1.7% decline for the index.<\/p>\n\n\n\n

The company reported $18 billion in revenue last year and remains unprofitable. Musk has projected annual revenue of $1 trillion by 2030, while analysts are waiting for SpaceX\u2019s first public earnings report, expected in early August.<\/p>\n\n\n\n

Source: BBC News and Bloomberg market data. This report describes market conditions as of 10 July 2026 and is not investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX shares have fallen sharply from their early peak after a historic stock-market debut, as investors reassess the company\u2019s current business and its ambitious artificial-intelligence strategy.\u2026<\/p>\n","protected":false},"author":1,"featured_media":66,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/posts\/65","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/2nmnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65"}],"version-history":[{"count":1,"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/posts\/65\/revisions"}],"predecessor-version":[{"id":67,"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/posts\/65\/revisions\/67"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/2nmnews.com\/index.php?rest_route=\/wp\/v2\/media\/66"}],"wp:attachment":[{"href":"https:\/\/2nmnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/2nmnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/2nmnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}