SpaceX shares dip below $135 IPO price ahead of Starship launch

SpaceX’s share price has slipped below its $135 initial public offering level. The decline comes as the company readies for a Starship launch. Elon Musk appeared on a screen from SpaceX’s Starbase facility in Texas. He addressed investors ahead of the Nasdaq MarketSite event. The IPO event is scheduled for June 12, 2026 in New York. The price movement reflects market caution ahead of the launch. Investors will watch the Starship test for clues on future performance. Further share activity is expected after the launch and IPO proceedings.