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

by THEFUTURE.TEAM

July 16, 2026

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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A New Twitter-Inspired Social Network Is Taking Shape

by News Editor

August 27, 2026

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

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Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.