SpaceX Falls Below Its IPO Price as Lockup Risk and a $15 Billion Starship Test Loom

SpaceX shares traded below the $135 IPO price for the first time on July 15, reversing the debut that initially valued the company above $2.1 trillion. Reuters reported that the selloff comes ahead of an early-August increase in shares available for trading, creating another potential volatility catalyst. Separately, SpaceX prepared to conduct Starship Flight 13 on July 16 after investing more than $15 billion in the program. ARK Invest reportedly bought approximately 123,000 SpaceX shares worth nearly $17 million across four ETFs during the pullback.