Space Exploration Technologies Corp. Class A Common StockSpaceX's volatile IPO debut (rocket to $225 then slide to $152.86) is cited as a cautionary tale, potentially dampening investor sentiment for future tech IPOs.

OpenAI executives are reportedly urging caution on its IPO timeline after SpaceX's turbulent public debut. SpaceX priced its $75 billion IPO at $135 per share on June 11, 2026, saw shares rocket to an intraday high above $225, then slide back to around $152.86 by June 26. This volatility is amplifying concerns inside OpenAI, which filed confidentially with the SEC on June 8 but stressed timing remains flexible. Sarah Friar has reportedly pushed for a delay until 2027, citing cash burn and public reporting burdens, creating tension with CEO Sam Altman who favored a quicker timeline. OpenAI's last private valuation neared $850 billion, leaving little room for error if public markets turn skeptical.
Space Exploration Technologies Corp. Class A Common StockSpaceX's volatile IPO debut (rocket to $225 then slide to $152.86) is cited as a cautionary tale, potentially dampening investor sentiment for future tech IPOs.
OpenAI may delay its IPO due to SpaceX's volatile debut and internal concerns over cash burn and public reporting burdens, creating uncertainty.