SpaceX shares have crashed to near their listing price, wiping out most of the post-IPO surge, because only about 4% of the company's stock actually trades freely and investors are bracing for insider lockups to lift from August. The people feeling it most are ordinary retail investors who chased the hype through apps like Trading 212, and buying anywhere near the top already means nursing a loss.
The stock that minted Elon Musk as the world's first trillionaire priced its float at $135 (£102) a share on 11 June 2026, according to the company's 424B4 prospectus filed with the US Securities and Exchange Commission. Shares opened at $150 (£113), tore up to an intraday peak of $225.64 (£170) on 16 June, then reversed hard. After a three-day slide that erased nearly a quarter of the stock's value, it closed at $156.11 (£118) on Tuesday 23 June, up about 1% on the day but a long way down from the peak.
