SpaceX Stock Slumps 20% After $85.7B IPO in Volatile Clean-Tech Rally
SPCX•SpaceX's June 12 IPO raised $85.7 billion at a 108x revenue valuation, but its stock plunged 20.2% in week two, marking a 24% drop from its peak. The AI-driven power infrastructure sector has powered over $11.6 billion in clean tech IPOs this year, highlighting valuation volatility for firms like SpaceX.
1. SpaceX IPO Performance
SpaceX launched its June 12 offering and raised $85.7 billion, one of the largest IPOs ever. The shares quickly lost momentum, sliding 20.2% in their second week and ending 24% below the debut peak.
2. Valuation and Market Reaction
The company’s 108x revenue multiple has sparked investor caution as broader market weakness and AI chip sector pressures weighed on high-growth names. These headwinds drove rapid post-IPO share price declines.
3. Surge in AI Power Infrastructure IPOs
At least 10 power infrastructure and clean-technology firms have gone public this year, raising over $11.6 billion as data center capacity demand climbs from 41 GW in 2025 to over 77 GW by 2030. The fundraising spree underscores both strong demand and sharp valuation swings in the clean-tech sector.
