SpaceX will celebrate its IPO on June 12, 2026 on Nasdaq.
Adam Jeffrey | CNBC
The average investor who bought space x After listing, the stock price on the public market fell sharply, canceling out most of the post-IPO stock price increase, and almost all of the gains disappeared.
SpaceX stock fell 3.6% on Thursday to just under $184.98 per share. The company’s five-day volume weighted average price (VWAP) is $181.71 per share. VWAP measures the average price at which a security traded over the course of a day, weighted by trading volume, and is widely used by traders to measure investor positioning.
This move suggests that the average post-IPO buyer is now close to breaking even.
The stock soared from its $135 IPO price to an intraday high of more than $225 on Tuesday as investors rushed to take advantage of one of the most anticipated initial public offerings in years. However, since then, the stock price has fallen 20%, erasing much of the gains accumulated since its debut. It has now returned to trading levels from Monday, the second day.
The decline also cut returns for thousands of retail investors who had gained access to IPOs through brokerage platforms such as Robinhood, Fidelity and SoFi. Although many individual investors received only a portion of the shares they requested (sometimes just one or a few shares), those allocations were purchased at the $135 offering price, leaving them with a profit even after the recent decline.
The reversal highlights how quickly sentiment changed after the company’s blockbuster debut. After briefly pushing SpaceX’s market cap to nearly $3 trillion, investors are starting to reassess whether the stock’s meteoric rise is justified by its fundamentals.
—CNBC’s Chris Hayes and Deena Zaidi contributed to this article.
