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This article is also available in English. It was translated with technical assistance and reviewed by the editors before publication.
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It was the highest-valued IPO to date, but SpaceX’s boom doesn’t appear to last, with shares falling below the offering price for the first time on Wednesday.
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On the New York Stock Exchange around noon (local time) on July 15, the price was around $133. At the time of going public, SpaceX shares were trading at $135. At market close, the price was slightly above this level and amounted to $135.27. After the stock market opened on Thursday, things fell slightly again.
The space company founded by Elon Musk has been listed on the stock exchange since mid-June. At the start of the stock market, SpaceX issued 555,555,555 shares and thus raised $75 billion at an offering price of $135.
19 percent increase on first trading day
At the end of the trading day, the stock was trading at $161, up a good 19 percent. The next trading day, the company’s value exceeded $2.1 trillion.
At first it continued to rise: the next week the price continued to rise. For a while the shares were priced at $225. SpaceX, with a market capitalization of $2.66 trillion, ranked fifth in the world. Only Microsoft, Apple, Alphabet and Nvidia were more valuable. However, since then the price has fallen steadily.
In fact, the company lacks substance: Last year, SpaceX posted a loss of $4.94 billion on sales of $18.67 billion. Despite flights to the International Space Station (ISS) on behalf of the American space agency NASA and launches of commercial satellites, SpaceX’s space division is unprofitable. Only the Starlink satellite Internet service makes a profit.
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