The average SpaceX buyer post-IPO is almost under water after two-day slide

SpaceX, the aerospace company founded by Elon Musk, recently celebrated its IPO at the Nasdaq on June 12th, 2026. However, the excitement surrounding the IPO has quickly turned into disappointment for many investors as the stock has experienced a sharp pullback.

Investors who bought SpaceX shares in the open market after its debut have seen nearly all of their gains disappear. The stock fell 6% on Thursday to just under $180 a share, erasing a large chunk of its post-IPO surge. The five-day volume-weighted average price (VWAP) for the stock is now $179 a share, indicating that the average post-IPO buyer is now approximately breaking even.

After soaring from its $135 IPO price to an intraday high above $225, SpaceX shares have since retreated 20%, wiping out much of the gains accumulated after the debut. This rapid decline has also affected retail investors who gained access to the IPO through platforms like Robinhood, Fidelity, and SoFi. While some investors received only a fraction of the shares they requested, purchased at the $135 offering price, they are still left with gains even after the recent pullback.

The reversal in sentiment highlights how quickly the market can shift following a highly anticipated IPO. Despite briefly pushing SpaceX’s market value close to $3 trillion, investors are now questioning whether the stock’s rapid advance can be justified by fundamentals.

In conclusion, the SpaceX IPO has been a rollercoaster ride for investors, with initial excitement giving way to disappointment as the stock experiences a sharp pullback. It serves as a reminder of the volatility of the market and the importance of careful consideration when investing in high-profile IPOs.