SpaceX shares recorded a sharp weekly loss, falling about 17% during the company’s first full week as a publicly traded firm after investors scaled back some of the enthusiasm that followed its highly anticipated stock market debut.

The stock experienced significant volatility throughout the week, at one point trading below its opening-day price before recovering some of its losses during Friday’s session. Despite the late rebound, the shares still finished the week well below the highs reached shortly after the initial public offering.

Market analysts attributed the decline to a combination of profit-taking by early investors, concerns over the company’s lofty valuation and broader weakness across technology stocks. The retreat also reflected a cooling of investor excitement following one of the largest and most closely watched IPOs in recent years.

Despite the selloff, SpaceX continues to trade above its IPO price, indicating that many investors remain optimistic about the company’s long-term growth prospects. Analysts noted that the company maintains a dominant position in commercial space launches, satellite communications and artificial intelligence-related infrastructure, sectors that continue to attract strong investor interest.

Some market observers cautioned that newly listed companies often experience substantial price swings during their first few weeks of trading as investors reassess valuations and trading volumes stabilize. Others argued that the recent decline may represent a normal adjustment following the stock’s strong debut rather than a sign of weakening confidence in the business.

Investors are expected to continue monitoring the company’s financial performance, expansion plans and broader market conditions in the coming weeks to determine whether the recent decline marks a temporary pullback or the beginning of a longer period of volatility.