SpaceX Shares Slide Back To IPO Price As Post-Debut Rally Fades

SpaceX shares fell back to just above $135 on Wednesday, returning to roughly the price set by Elon Musk and the company ahead of the blockbuster June 12 public offering, which raised nearly $86 billion.

After trading below the IPO price for much of the session and dipping under $133 at one point, the stock recovered modestly to close at $135.27.

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A Fast Reversal After A Surging Debut

The latest decline extends a steady pullback that has followed SpaceX’s market debut. Shares briefly climbed above $200 in the days after the listing, lifting the company’s valuation close to that of technology giants including Amazon and Microsoft. Momentum has since faded, with the stock retreating almost every week.

Part of that volatility reflects the stock’s limited free float rather than investor sentiment alone. Only about 4% of SpaceX’s shares are currently trading on Nasdaq, making the stock more sensitive to heavy trading activity and shifts in market demand.

Investors Are Taking A Harder Look At The Story

Investors also appear to be reassessing Musk’s long-term growth narrative, mirroring a broader cooling in technology stocks over the past month. The decline has extended beyond the shares themselves, with bonds issued after the IPO also coming under pressure.

A prolonged selloff could have implications beyond SpaceX. The company’s valuation has become a key gauge of investor confidence in Musk’s ambitious growth plans and may influence demand for future high-profile technology listings, including those expected from Anthropic and OpenAI, both of which have confidentially filed for IPOs.

Starship Faces Its Next Test

Attention will now turn to Thursday’s Starship test flight, the first since SpaceX became a public company.

The launch also marks the programme’s first mission since a booster failure in May. As with previous development flights, the company does not plan to recover either the booster or the upper stage. Instead, both are expected to perform a controlled splashdown in the Gulf of Mexico, reflecting SpaceX’s long-standing approach of using repeated flight testing to refine the system.

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Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

by News Editor

August 17, 2026

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

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IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.

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