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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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Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

by News Editor

August 6, 2026

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

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Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.