SpaceX's IPO Lags Behind Expectations, While Bitcoin Holds Steady
On June 12, 2026, two major assets debuted on the market: SpaceX's IPO at $135 per share and Bitcoin trading at approximately $67,000. A $1,000 investment in each asset would have yielded different results. For SpaceX, that amount bought 7.41 shares, now worth around $873 after falling by 12.7% from its initial price of $225.64 reached on June 16.
The decline came quickly as investors digested the company's lack of earnings history and a valuation implying decades of future growth priced in on day one. The stock hit a low of $104.83 on August 3, suggesting selling pressure has not fully subsided. SpaceX will report its first public earnings on August 4, with analysts expecting $6.9 billion in revenue and a loss per share of $0.23.
In contrast, Bitcoin's value decreased by 7.5% over the same period, from $67,000 to around $62,000. The asset performed better than expected, given its status as a risk asset subject to macro pressures such as rising U.S. Treasury yields and geopolitical tensions.