SpaceX Shares Drop 10% After Historic IPO Debut

SpaceX's stock continued its decline on the New York Stock Exchange, falling by 10.38% to close at $165.80. Despite this drop, the share price still reflects a 22% increase since the company's historic initial public offering (IPO).

The stock price decreased over the last two trading sessions but remains significantly above its initial IPO price, which was set at $135. Patrick O'Hare, an expert, described the recent decline as "normal" following the substantial rise during the early trading days.

SpaceX remains among the world's top 10 companies by market capitalization, surpassing semiconductor firm Broadcom and Saudi oil giant Aramco, with a market value approaching $2.168 trillion.

However, questions surround the company's profitability under Elon Musk's leadership. Revenues rose to $18.7 billion in 2025, marking a 33% year-on-year increase, but costs grew at a faster pace, resulting in a net loss of $4.9 billion.

On Monday, SpaceX officially announced the launch of a bond issuance aiming to raise $20 billion. The company intends to use the proceeds to strengthen its financial position and fund future projects.