SpaceX shares closed at $123.99 on Friday, marking an all-time low and a sixth straight daily decline since the company's June IPO at $135. The stock has lost about 45% from its post-debut peak of $225.64. Pressures include a $25 billion bond offering in late June to repay debt tied to the xAI acquisition, a broader AI stock sell-off, and a scrubbed Starship test flight. Despite generating $18.7 billion in 2025 revenue, the company lost $4.9 billion, and at $124 per share its market value of roughly $1.6 trillion equates to more than 80 times trailing sales.
Space Exploration Technologies Corp. Class A Common StockStock falls to all-time low after IPO, driven by bond offering, AI sell-off, and scrubbed test flight.