SpaceX Gives Back Nearly All of Its IPO Surge, Falling Toward the $135 Offer Price

SpaceX shares reportedly traded around $138.60 on July 13 after falling for a second consecutive session. That is roughly 39% below the reported $225.64 post-IPO high and only modestly above the company’s $135 offering price. The reversal followed SpaceX’s accelerated admission to the Nasdaq-100 and sharply undercuts the watchlist’s original first-day surge narrative.