{"id":89992,"date":"2026-07-17T23:24:11","date_gmt":"2026-07-17T23:24:11","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/89992\/"},"modified":"2026-07-17T23:24:11","modified_gmt":"2026-07-17T23:24:11","slug":"spacex-falls-below-ipo-price-sheds-1-trillion-in-market-value","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/89992\/","title":{"rendered":"SpaceX Falls Below IPO Price, Sheds $1 Trillion in Market Value"},"content":{"rendered":"<p><img alt=\"Elon Musk, CEO of SpaceX. AFP\/Yonhap News - Seoul Economic Daily International News from South Korea\" title=\"SpaceX Falls Below IPO Price, Sheds $1 Trillion in Market Value\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/07\/news-p.v1.20260617.e919d376c57b4c9aa228b21d384fee91_P1.png\"\/>Elon Musk, CEO of SpaceX. AFP\/Yonhap News<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Shares of space and aerospace company SpaceX, the largest initial public offering (IPO) in history, have fallen below their offering price just one month after listing. During this period, SpaceX&#8217;s market capitalization, which had started as the fourth or fifth largest on the New York Stock Exchange overall, also dropped by 1,500 trillion won.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">On the 17th (local time), SpaceX closed at $123.99 on the New York Stock Exchange, down 5.43% from the previous trading day. It marked the sixth consecutive session of decline since the 10th of this month. SpaceX&#8217;s market capitalization fell to $1.6316 trillion, evaporating more than $1 trillion (about 1,500 trillion won) from its record high of $2.64 trillion set on the 16th of last month. SpaceX&#8217;s shares first fell below the offering price ($135) during intraday trading on the 15th of this month, and have closed below the offering price since the 16th.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">SpaceX slumped just one month after listing because market concerns over its artificial intelligence (AI) investment are intensifying amid its massive debt. As more investors bet on a share price decline, the stock has become a concentrated target of short-selling forces from the early stages of its listing. In addition, the abrupt halt the previous day of the 13th test flight of Starship, SpaceX&#8217;s next-generation core spacecraft, further fueled the additional decline in the share price. Starship is a super-heavy launch vehicle 124 meters tall developed by SpaceX.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The fact that SpaceX will release its first earnings after listing around the 5th or 6th of next month is also a major negative factor. The lockup on a significant portion of SpaceX&#8217;s institutional shares will be lifted starting the second trading day after the earnings announcement. That volume alone is estimated to exceed 900 million shares.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Earlier, SpaceX raised a total of $85.7 billion (about 130 trillion won) through the largest IPO in history on the 10th of last month. SpaceX then issued $25 billion (about 38 trillion won) worth of corporate bonds to repay debt on the 23rd of the same month, placing further pressure on its share price.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk, CEO of SpaceX. AFP\/Yonhap News Shares of space and aerospace company SpaceX, the largest initial public&hellip;\n","protected":false},"author":2,"featured_media":89993,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[897,46329,1036,274,29171,112,5417,25678,47369],"class_list":["post-89992","post","type-post","status-publish","format-standard","has-post-thumbnail","category-seoul","tag-ai-investment","tag-corporate-bonds","tag-ipo","tag-market-capitalization","tag-new-york-stock-exchange","tag-seoul","tag-short-selling","tag-spacex","tag-starship"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/89992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=89992"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/89992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/89993"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=89992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=89992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=89992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}