SpaceX shares closed at $131.11 on 17 July 2026, falling below the $135 IPO debut price within approximately one month of the company's listing, according to Guardian Business. Bloomberg Markets reported the decline as raising concerns about the broader IPO market, particularly for newly public technology and aerospace companies. The Guardian Business report noted the drop erased an estimated A$700 million in paper profits for Australian mining billionaire Gina Rinehart and thousands of other Australian shareholders who had invested in the company.
Short interest in SpaceX has risen sharply alongside the share price retreat. Cnbc TOP reported, citing S3 Partners data, that approximately 185 million shares have been sold short, representing roughly 29% of the company's publicly tradable float. That figure marks a significant accumulation of short positions as the stock retreated toward and then through its IPO price.
SpaceX shares are the directly affected instrument, having moved from the $135 IPO debut price to a reported close of $131.11, a decline of approximately 2.9% relative to the listing price. Bloomberg Markets noted the development is placing pressure on sentiment toward the wider pipeline of newly public technology sector companies.
Sources: Bloomberg Markets, Cnbc TOP, Guardian Business