As important as June was for SpaceX (NASDAQ: SPCX), July has solidified itself as featuring multiple milestones, of which the fall to a new all-time low of $107.01 and a decisive plunge below the initial public offering (IPO) price are arguably the most important.
SpaceX and Tesla shares have declined, leading to losses for some of Elon Musk's biggest supporters.
SPCX heads into its first public earnings report amid a 16.6% post-IPO drop, Starship progress and concerns over valuation, debt and AI expansion.
SpaceX stock (NASDAQ: SPCX) has lost almost half its value since reaching a high of $225.64 on June 16, turning the excitement surrounding the listing into a lesson about valuation and share supply. The stock closed Wednesday at $112.55, around 17% below its $135 IPO price and 50.2% beneath the peak.
The ranking member of the House Committee on Energy is demanding SpaceX records and a tour of its data centers and power plants in and around Memphis, Tennessee. In a letter to CEO Elon Musk, Rep.
Morgan Stanley has reiterated its ‘Overweight' rating on SpaceX (NASDAQ: SPCX) and maintained a $300 stock price target ahead of the company's first earnings report as a public company.
Elon Musk's xAI, now owned by SpaceX, sued Minnesota Attorney General Keith Ellison to challenge a law that would ban so-called nudify apps in the state. Attorneys for xAI claim the Minnesota statute "imposes an overbroad, content-based ban on free speech and the tools of visual expression.
As SpaceX's stock has sold off, so have others in the space sector — but there are factors behind the broader sector weakness beyond pressure on its most high-profile player.
Three days after SpaceX went public on June 12, 2026, Representative William Timmons IV picked up the phone and bought stock.
Shares of SpaceX touched new lows on Monday. Things weren't looking better earlier today—but that was before the bounce.
As Space Exploration Technologies Corp. (NASDAQ: SPCX) shares fell to a new all-time low (ATL) on July 28, Cathie Wood – the founder, CEO, and Chief Investment Officer (CIO) of ARK Invest – has revealed why her investment management firm has kept buying SpaceX stock.
Space names are under heavy pressure Tuesday morning as a broad-based sector selloff swamps positive company-specific news.