SpaceX stock rebounds after plunging 20% below IPO price

SpaceX shares briefly fell more than 20% below their initial public offering price on July 28, 2026, before rebounding later in the session. The stock had been poised for another all-time low after sinking on Tuesday, according to reports.

The decline affected investors in the commercial space company, which has seen its market capitalization drop by an amount equivalent to a full Tesla, as noted by CNBC. The broader space sector also experienced significant sell-offs, though reports indicate SpaceX does not deserve all of the blame for the industry-wide downturn.

The sharp drop matters because it underscores the volatility in space stocks and raises questions about the valuation of high-profile private companies that have recently gone public. The brief plunge below the IPO price could signal weakening investor confidence in the sector.

Specific figures include the 20% drop below the IPO price, though the exact IPO price and the intraday low were not provided in the source material. The event occurred on July 28, 2026, following a Tuesday decline that set the stage for the new low. Barron's identified three price points where SpaceX stock could be considered a buy, though those levels were not disclosed.

Background includes the recent trend of space stocks falling hard, with SpaceX's market cap loss highlighted by CNBC as equivalent to Tesla's entire valuation. This comes amid a broader market reassessment of space ventures, which have faced scrutiny over profitability and growth prospects.

Looking ahead, the rebound suggests some buying interest at lower levels, but the stock's ability to sustain gains remains uncertain. Analysts may watch for stabilization or further declines, with the identified buy prices serving as potential support levels for investors considering entry points.