After a wild post-IPO swing from $225 highs to below the offering price, SpaceX stock is quietly clawing its way backSpaceX went public in June with the kind of fanfare reserved for moon landings. Shares in Elon Musk’s rocket and satellite company rose for a second consecutive session in early August, edging back toward the $135 IPO price after a bruising stretch that sent the stock well below its offering level. SpaceX raised between $75 billion and $85.7 billion at $135 per share, landing a valuation of roughly $1.77 trillion at the open. Shares surged above $225 intraday, a gain of nearly 67% from the offering price. SpaceX’s initial valuation at IPO included references to its AI ambitions, with the xAI subsidiary factoring into how analysts framed the company’s long-term potential.