SpaceX shares fell to an all-time low on Monday, pushing the stock price closer to its IPO offering price of $135. This sharp decline occurred just days after SpaceX was selected for inclusion in the Nasdaq-100 index.
On Friday, SpaceX shares dropped 4.51%, then fell another 4.24% on Monday. Within just one month of trading since the June 12 debut, SpaceX stock has been highly volatile, recently declining about 7% from the $150 opening price per share.
Prior to going public, SpaceX’s IPO attracted global investor attention, making it a historic offering. Additionally, founder and CEO Elon Musk became the world’s first billionaire with net worth surpassing $1 trillion.
On its first trading day, SPCX shares opened at $150, then surged past $160. Shortly thereafter, the price climbed above $210 before steadily declining to the current levels.
SpaceX’s public listing is seen as paving the way for a wave of major AI company IPOs attracting global investor interest, including OpenAI and Anthropic.
Both OpenAI and Anthropic recently filed registration statements with the SEC to offer shares, but neither has disclosed official timelines or plans for going public.
OpenAI CEO Sam Altman told CNBC that he remains uncertain whether the company will be able to go public this year.
SpaceX’s inclusion in the Nasdaq-100, a benchmark index tracked by global funds, led to increased buying by passive index funds last week, as they adjusted portfolios to match the updated index constituents.
Previously, Nasdaq revised its criteria for index inclusion, enabling newly public companies like SpaceX to join the Nasdaq-100 within about one month after their IPO.
Last week, tensions flared again between Elon Musk and Sam Altman after a user on X posted about Apple suing OpenAI for alleged trade secret theft, prompting Musk to comment, “Scam Altman strikes again…”
Subsequent posts followed until Sam Altman responded, saying, “The one selling investors dreams about space data centers is more likely you.”
This week, SpaceX launched its new AI model Grok 4.5, while OpenAI introduced GPT-5.6 Sol. Over recent days, both companies promoted their AI models on social media, but by Saturday the competition escalated into more personal attacks.
Meanwhile, Monday’s stock decline was influenced by the FAA’s announcement closing its investigation into the Starship booster’s failed return during May testing. The FAA stated it reviewed and accepted SpaceX’s investigation results and corrective measures.
This decision allows SpaceX to proceed with preparations for Starship Flight 13, pending FAA safety approvals and other regulatory permissions.
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