SpaceX Slides Near IPO Price Amid Booming Global IPO Market

M&A/IPO | Tue Jul 14 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 9 sources

SpaceX shares fell near their IPO price a month after debut, while Shein, General Fusion, and YPF drove a global listing rush alongside Helsing's mega funding round.

Analysis

[SpaceX] fell near $135 IPO price one month after listing ^[1][8][6]

• After Nasdaq debut on June 12
• market cap dropped from $2.67T with over $800B wiped out
• Fell 4.51% Friday and 4.24% Monday for consecutive declines
• Set all-time lows despite Nasdaq-100 inclusion
• Raised $85.7B via IPO
• the largest in history

[SpaceX] faced debate over long-term growth at $1.8-1.9T valuation ^[6][7]

• 2025 revenue around $19B
• PSR of approximately 100x
• Scenario of $7T market cap by 2050 assuming 19% annual growth
• Musk announced plans to launch orbital data centers by 2027
• Positioned solving AI data center power problem as a growth driver

[Shein] secured Chinese regulatory approval for Hong Kong IPO ^[2]

• Obtained approval from Chinese authorities after a long wait
• Slowing growth weighs on IPO valuation
• Hong Kong listing process resumes in earnest

[General Fusion Group] surged on debut as world's first listed fusion company ^[4]

• Listed via SPAC merger
• Shares jumped on first day of trading
• Confirmed investor interest in the fusion sector

[YPF Power Unit] filed for US listing, expanding Argentine IPO pipeline ^[5]

• Power subsidiary of Argentine state energy company YPF
• Pursuing New York listing
• Accelerating rush of Argentine companies to list in the US

[Cadillac Mines & Amapa Minerals] filed for IPO, signaling Canadian IPO market recovery ^[3]

• Two gold mining companies filed for IPO in tandem
• Signs of recovering pace in Canadian listings

[Helsing] raised $1.8B funding at $18B valuation ^[9]

• JPMorgan
• Lightspeed
• and Iconiq participated
• Emerging as Europe's leading AI-driven defense technology player
• Supplied HX-2 drones to Ukraine
• US counterpart Anduril raised $5B at $61B valuation in May

Sources

• [1] SpaceX’s stock threatens to fall below the IPO price. Do investors face a ‘crisis’ if it does? - MarketWatch Top Stories
• [2] Shein’s Slowing Growth Risks Weighing on Hong Kong IPO Valuation - Bloomberg Markets
• [3] Gold Miners Cadillac, Amapa Minerals Add to Canada IPO Rebound - Bloomberg Markets
• [4] First Public Fusion Firm Jumps in Wall Street Trading Debut - Bloomberg Markets
• [5] Argentina IPO Pipeline Grows as YPF Power Unit Files For US Listing - Bloomberg Markets
• [6] Prediction: $25,000 Invested in SpaceX Today Will Be Worth This Much by 2050 - The Motley Fool
• [7] SpaceX Just Did Something NuScale Power Investors Should Be Watching - The Motley Fool
• [8] SpaceX stock sinks for a second-straight day, nearing $135 IPO price - CNBC World Markets
• [9] Europe's Anduril rival Helsing raises $1.8 billion at $18 billion valuation - CNBC World Markets