SpaceX Shares Fall Below $150 Debut Price For First Time
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A losing streak for SpaceX extended in early trading on Tuesday as shares fell below their $150 debut price for the first time, erasing gains for regular investors following a record-setting open for Elon Musk’s rocket maker.
Get out while you’re ahead! The quarterly earnings report won’t be good.
READ MORE: https://www.forbes.com/sites/tylerroush/2026/06/23/spacex-shares-fall-below-150-debut-price-for-first-time/
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Move over BitCorn — we’ve officially entered the SpaceCorn Standard™ 🚀
The first interplanetary commodity backed by nothing but vibes, thrust, and Elon’s gravitational charisma.
Honestly, they should’ve capped SpaceCorn at 21 million kernels, just like the old‑world peasants did with Bitcoin. But no — Wall Street had to genetically modify it into a hyper‑inflationary cosmic maize derivative, where every dip spawns three new kernels and a SPAC.
Meanwhile Bitcoin’s sitting there with its $1.29 trillion market cap, looking like the responsible adult at the cookout, sipping a lukewarm LaCroix while SpaceCorn is doing donuts in the parking lot with a flamethrower strapped to the hood.
Bitcoin:
‘My circulating supply is fixed at 21 million.’
SpaceCorn:
‘Hold my booster — I’m about to mint a galactic bushel.’
And now SpaceX falls below its $150 debut price, proving once again that gravity is undefeated, even in markets allegedly powered by rockets. The liquidity off‑ramp is so steep they might as well install a Denny’s on Mars just to catch the falling retail investors on re‑entry.
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🤣🤣🤣🤣🤣🤣🤣🤣🤣meanwhile tesla goes down $23 nd spacex up about $1.50 😆😆😆😆😆😆 corrupt american hedge funds are working overtime with the pumps to try to keep spacex afloat 🤣🤣🤣🤣🤣🤣🤣🤣🤣
More From Forbes: http://forbes.com
The only things spacex currently sells is spacex merchandise and apparel, starlink internet and internet accessories/equipment, space flown artifacts, and seats on charter space flights. Think about how many people you know personally who has ever bought any of these things. I'm guessing its zero or close to it. Simply put, it's overvalued.
More User Perspectives
I'm ready to take the 6 month Mars trip...
day 50...man I'm bored
day 80 are we there yet?
day 100 FFS where is this damn panet I'm going nuts.
day 130 is that it? That little orange star...like WTF?
day 180...Attention please we are now sending the landing capsule to the Marian surface...open the envelope that has been sealed and read the notice....
DEAR PASSENGER WE INFORM YOU THAT WE HAVE KEPT OUR WORD AND YOU HAVE REACHED YOUR DESTINATION. WELCOME TO YOUR NEW HOME...FOREVER...LIVE LONG AND PROSPER LOL!
🚀🟠ONE WAY TICKET RETURN LEG CANCELLED DUE TO LACK OF FUNDS...
Next stop $50
@118ColumbusThe offering was at 135, not 150. Hard to take Forbes seriously, bunch of amateurs.
@hivedrone83"Emperor" Musk has no clothes!
😂😂😂
Space computing will inevitably cover all industries—this is an essential path for human civilization’s progress. In the future, it will integrate quantum computer systems. President Trump has just signed an executive order advancing quantum computing, delivering enormous advantages for tech stocks. SpaceX’s entire ecosystem will benefit significantly, as quantum technology accelerates its space programs. Over the long term (7–8 years), this represents an irreversible edge.
SpaceX is not a traditional corporate stock or ordinary tech stock, but an entirely new system. As of today’s close (June 23, 2026), it is trading at $156.11 with a ~$2.057 trillion market cap. It shows extreme valuation metrics (over 100x Price/Sales on ~$18.7B 2025 revenue) that reflect massive future expectations for space computing dominance. As a long-term investment, the current price volatility driven by capital flows is completely normal. If you have available funds, you should strongly consider buying—because space computing will dominate all industries and markets, and SpaceX is set for massive gains far exceeding 10x.
An opinion: I wouldn't pay $0.30 a share. It's a loss maker. There is no (imo) massive profit to be had by any of the companies here. It's a bag holder setup (again , imo).
@EvilMrDogbertIt might not drop to 129
@trodapulse5581Elon really screwed all the other companies employees who were forced to convert their stock and get locked in for 180 days
@thebliss9049135 was the IPO price not 150
@esta1177We can't even make a lunar base, how are they thinking about colonizing other planets???
@RadiantgamerboxIt is only going lower. Much much lower! That garbage is way overvalued!
@ricomajesticthey lost a trilling over many day but was up nearly 3 trillion in one :D, if i had a million id dump it all in space x
@jaisookram2255Great news, more buying opportunities
@1ABNDTTime to buy more
@MarcYanruwSo “ regular “ investors lose everything but the criminal Musk is still somehow a trillionaire ?!?!
@lindencoleman9360😅 as expected with this NASDAQ grift. Inside sell off after grift of US funds
@suntea1854gonna buy at 129 got 2.6 million ready
@dracnarForbes 🍸 🍸 🍸 🍸
😂😂😂😂😂😂😂