Why SpaceX Stock Has Fallen 40% From Its IPO Peak

SpaceX shares have dropped 40% from their post-IPO peak of $225, falling to around $133—slightly below the $135 IPO price—after four consecutive days of declines. Analysts attribute the selloff to fading IPO hype and limited public float (only 5% of shares), which initially drove the price to $225 in four days but could not sustain demand once the spotlight shifted.

Why it matters: Despite revenue jumping 33% to $18.7 billion in 2025, SpaceX posted a $4.9 billion loss, and uncertainty about profitability persists even as the company joined the Nasdaq 100 and its Starlink division counts millions of subscribers.