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SpaceX Stock Falls Below $135 IPO Price on July 20, Market Cap Drops $106 Billion

2026-07-21 06:38:02

SPCX2.99%

According to Financial News, on July 20, SpaceX stock closed at $119.85, down 3.34%, marking its 10th consecutive trading day of losses. The company broke below its IPO price of $135 for the first time since listing last month, when it had surged to a peak of $225. The company's market capitalization fell to approximately $157.71 billion from its all-time high of $264 billion recorded on July 16, erasing roughly $106.29 billion in value. SpaceX's ranking among U.S. listed companies slipped from 5th place to 8th place.

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