SpaceX stock dips below $150 debut before rebounding

June 23, 2026 - 18:40

SpaceX's stock took another hit on Tuesday, sliding below its initial public offering price of $150 before recovering later in the session. The sell-off extended a rough stretch for the company's shares, which have been under pressure since the start of the week. Investors appeared to react to a mix of broader market jitters and company-specific concerns, though no single catalyst was immediately clear.

The stock touched an intraday low of $147.50 before buyers stepped in, pushing the price back above the debut level by the afternoon. Trading volume was heavy, suggesting that institutional investors may have been adjusting positions. Analysts noted that the dip below the IPO price was largely psychological, as the company's fundamentals remain strong.

SpaceX went public last month with much fanfare, riding high on its dominant position in satellite internet and launch services. Since then, the stock has been volatile, swinging between gains and losses as the market digests its growth prospects. Tuesday's rebound offered some relief to early investors, but the broader trend remains uncertain. The company has not commented on the price movement.