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People gather near a SpaceX advertisement outside the Nasdaq MarketSite, on the day of their initial public offering (IPO) in New York City, U.S., June 12, 2026.
Brendan Mcdermid | Reuters
SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time ever, about a week after joining the Nasdaq-100.
Shares have whipsawed since the reusable rocket maker's historic IPO last month, which raised a record $86 billion and cemented founder Elon Musk as the first trillionaire.
The stock slumped about 2% on Wednesday.
SpaceX's June debut was the first among a series of hotly anticipated artificial intelligence offerings, including OpenAI and Anthropic. Both companies have confidentially filed to go public with the U.S. Securities and Exchange Commission, but haven't provided any official plans.
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