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SpaceX shares trade below IPO price as advisors urge post-IPO discipline
SpaceX debuted at $135 per share and has since fallen to about $127, after its S-1 showed a Q1 2026 net loss of more than $4 billion driven largely by xAI.
More than a month after SpaceX debuted in public markets, financial advisors say there is little reason for investors to rush into the stock, urging clients to be clear about what they want from the exposure. Yahoo Finance reports that advisors described a typical IPO pattern so far, with initial excitement followed by a reassessment grounded in earnings and fundamentals.
SpaceX initially priced at $135 per share and later climbed to a high of $226, but the shares have since dropped sharply and are trading below the IPO level. According to Yahoo Finance, the stock was around $127 per share as of midday Tuesday, below the initial offer price.
Advisors also pointed to SpaceX’s S-1 filing for a clearer view of the company’s financials. In the first quarter of 2026, SpaceX recorded a net loss of over $4 billion, driven primarily by its xAI segment, while Starlink was described by an advisor as the “one profitable segment.”
The advisors said valuation matters more now than hype, particularly for a business they characterize as capital intensive. Yahoo Finance also cited an expectation that many newly public companies tend to trail the broader market for at least a year after an IPO, and that investors focused on the space theme may consider a space-focused ETF rather than concentrating in a single name.