By June 16, just four days after the initial public offering (IPO), and fill SpaceX (NASDAQ: Spex) Asking at the original price of $135 or even the original opening price of $150 seems to be the best trade for 2026.
However, by the time of writing on July 24, the situation had changed Changed dramaticallyThere has never been a moment when buying SPCX shares was profitable.
Specifically, after launching to an all-time high (ATH) of $225.64 by June 16, SpaceX Stocks Fortunes reversed, and the stock found its last close at $118.24, trading at $117.98, at press time in the pre-market on Friday.
Under these circumstances, if a trader had been able to execute a $10,000 IPO order despite the competition, he would have suffered a loss of $1,260.74 as his position was reduced to $8,739.26.
For those who successfully bought on the morning of June 12, losses amounted to $2,134.67, as their holdings fell from $10,000 to $7,865.33.
Why SpaceX’s stock price collapsed after the SPCX IPO on June 12
SpaceX’s position can be explained using a combination of factors that find their basis in the mismatch between the company’s original valuation and its revenues and profits – or rather, its losses.
Elon Musk Another public company, Tesla (NASDAQ: TSLA(, the stock price fell to $319.69 and a market cap of $1.26 trillion shortly after its latest earnings report revealed revenue of $28.24 billion.
SpaceX set its IPO valuation at $1.77 trillion — roughly $500 billion larger than Tesla’s value at last close — despite generating fewer than $5 billion in sales during its last known quarter.
In addition, the SPCX stock price problem was exacerbated by an unusually low initial float, significant online and media hype, an unusually generous lock-up period, and the potential for excessive buying prior to listing on the Nasdaq-100. index.
Looking to the future, the situation appears more uncertain. In fact, while Wall Street Apparently he’s still confident In SpaceX’s future success, many of its most bullish price targets hinge on the rocket company becoming an AI giant.
Notably, even if narratives of the AI “boom” prove largely true, Elon Musk’s newest company faces an uphill battle given its vanishingly small market share within the sector.
Featured image via Shutterstock
