Falling SpaceX and Tesla Stocks Erase Elon Musk’s Trillionaire Status Weeks After Historic Public Market Debut

Key Stats for SpaceX Stock

• Price change for SpaceX stock in Last 5 Days: -19%
• $SPCX Share Price as of Jun. 25: $153
• 52-Week High: $226
• $SPCX Stock Price Target: $188

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What Happened?

SpaceX (SPCX) stock was sliding on Wednesday and Thursday as a broad tech selloff dragged down AI-linked companies across the market. The stock closed at $153, down sharply from its all-time high of $202 reached just days after its June 12 IPO.

The selloff is being driven by two concerns hitting markets simultaneously.

• First, investors are worried the Federal Reserve may raise interest rates.
• Second, fears of an AI bubble are growing. Companies tied to the AI boom — including Alphabet and major chipmakers — took heavy losses this week.
• SpaceX, with its satellite and AI ambitions, got caught in the same wave.

The decline has had a direct impact on Elon Musk’s net worth. The SpaceX stock IPO made Musk the world’s first trillionaire.

But falling SpaceX and Tesla stock prices pushed his net worth below the $1 trillion mark by Wednesday’s close.

Forbes estimated his net worth at $970.2 billion as of the end of Wednesday trading hours. The next wealthiest person, Google co-founder Larry Page, sits at around $284 billion — a reminder of just how far ahead Musk remains despite the drop.

SpaceX stock has now fallen about 32% from its all-time high. But it’s still 13% above its IPO price of $135. The company raised $75 billion in the largest IPO in history, and shares surged 19% on the first day of trading — in line with the historical average for major listings.

That’s where historical patterns become worth watching.

Among the 15 largest U.S. IPOs since 2006, the average stock fell 50% from its IPO price at some point during the first year. The average stock was still 33% below its IPO price by year-end.

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What the Market Is Telling Us About SpaceX Stock

Wall Street hasn’t turned bearish.

Eight analysts have a median price target of $238.50 for SpaceX stock, implying 53% upside from current levels. That suggests analysts see the current dip as a buying opportunity rather than a fundamental breakdown.

But with IPO history working against it in the near term, SpaceX stock could remain volatile.

Musk could regain trillionaire status quickly if the stock rebounds — but patience may be required.

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How Much Upside Does SpaceX Stock Have From Here?

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!