Think SpaceX is just a rocket company? Think again.
SpaceX Corp (NASDAQ:SPCX) shares rose 2.5% on Tuesday, offering a partial reprieve after a brutal two-day selloff that wiped more than $600 billion from the rocket and satellite company's market value and marked one of the most dramatic reversals ever seen in a newly listed mega-cap stock. The rebound follows a near-16% decline since the company's IPO earlier this month, pushing shares below their first-day opening price of $150 and threatening to pull the Elon Musk-led company's market capitalization below $2 trillion.
For now, the bulls can point to SpaceX's leadership positions and impressive growth forecasts, while the bears can point to valuation risk and execution challenges.
Following the explosive initial rally, SpaceX (NASDAQ: SPCX) stock plunged 21.88% in the last week of trading and erased all of the gains it had made since hitting the public markets.
xAI, the part of SpaceX (NASDAQ: SPCX) that operates Grok, was always going to drive the entire company under.
Space Exploration Technologies Corp. (NASDAQ:SPCX) stock has wiped out almost all of its post-IPO (Initial Public Offering) gains in just 7 days.
Between June 17 and press time on June 23, it appeared at face value that the popular online notion that Jim Cramer tends to not only be wrong, but spectacularly wrong with hilarious timing, played out with regard to SpaceX (NASDAQ: SPCX) stock.
The tokenization of Space Exploration Technologies Corp. (NASDAQ: SPCX), popularly known as SpaceX, stock has surged above $80 million in market capitalization as of Jun 23, 2026.
SpaceX stock (NASDAQ: SPCX) fell again in premarket trading on Tuesday, extending a sharp post-IPO reversal that has raised some hard questions for investors. The stock slipped about 3.5% before the open to roughly $149, putting it close to the symbolic $150 level and only about 10% above its $135 IPO price.
SpaceX (NASDAQ: SPCX) could fall as low as $100 by mid-August 2026 if its post-IPO selloff continues, according to a technical analysis.
At $185, SpaceX (NASDAQ:SPCX) faces a stretched setup.
Shares of SpaceX (NASDAQ:SPCX) stock are down 9% in midmorning trading Monday, sliding to around $168 after the company announced its first public bond offering.