SpaceX Stock Slides Toward IPO Target as FAA Clears Starship Booster Issue

Shares of SpaceX (ticker SPCX) fell for a second consecutive trading day, pulling the price nearer the company’s $135 initial public offering (IPO) target. The decline follows the June 12 debut, when the stock opened at $150 and rose sharply before turning volatile. Within the first month of trading, the share price is reported to be about 7 % below that opening level. The pullback occurs despite SpaceX’s recent addition to the Nasdaq-100, which typically prompts index-tracking funds to purchase the stock.

SpaceX Shares Extend Decline, Approach IPO PriceCNBC

The Federal Aviation Administration (FAA) completed its review of a Starship booster issue identified during a May test flight. The agency announced that SpaceX may proceed with Starship Flight 13 once all remaining safety and licensing requirements are satisfied, providing a regulatory boost amid the stock’s recent weakness.

SpaceX Shares Extend Decline, Approach IPO Price

SpaceX’s debut was described as a “blockbuster” that briefly made Elon Musk the world’s first trillionaire. Analysts view the offering as a potential catalyst for other private artificial-intelligence firms, noting that OpenAI and Anthropic have confidentially filed IPO prospectuses with the Securities and Exchange Commission this summer, though neither has disclosed a timeline. The combination of SpaceX’s market performance and the broader anticipation of AI-related listings underscores the company’s role as a benchmark for newly public technology firms.

CNBCSpaceX Shares Extend Decline, Approach IPO Price

• “Shares of SpaceX slipped for a second trading day on Monday, bringing Elon Musk's company closer to its $135 initial public offering price just days after making its entrance into the Nasdaq-100.” — CNBC

CNBC

• “Now through its first month as a public company, the stock has been volatile since its June 12 debut, and is down about 7% from its first trade of $150.” — CNBC

CNBC

• “SpaceX (SPCX, Financials) shares fell for a second straight trading session, extending their pullback from last month's market debut and moving closer to the company's $135 initial public offering price.” — TradingView

SpaceX Shares Extend Decline, Approach IPO Price

• “The agency said SpaceX can move ahead with Starship Flight 13 once all remaining safety and licensing requirements are satisfied.” — TradingView

SpaceX Shares Extend Decline, Approach IPO Price