Quick Take
- SpaceX stock fell 20% below its $135 (Rs 12,922) IPO price intraday on Monday before recovering.
- The slump wiped more than $1.2 Tn (Rs 114.86 Lakh Cr) from the June 16 peak, then shares rebounded.
- Shares closed Tuesday at $116.49, down about 14% from IPO price, with a share unlock due August 6.
In This Article
SpaceX stock slumped as much as 20% below its $135 (Rs 12,922) initial public offering price during trade on Monday, July 27, 2026, before paring losses, according to Bloomberg.
The sharp downturn erased more than $1.2 Tn (Rs 114.86 Lakh Cr) from the company’s June 16, 2026 peak, one of the largest market value wipeouts on record, Bloomberg reported. Investors pulled back from riskier technology firms, hitting Elon Musk’s rocket, satellite, and artificial intelligence (AI) company hard. Shares later reversed the slump and closed Tuesday at $116.49.
StartupFeed Insight
The number that matters is not the 20% dip, it is the August 6 share unlock. With only about 4% to 5% of SpaceX in public float since June, a fresh tranche of insider shares hitting the market can add heavy selling pressure right as the August 4 earnings report lands. Watch Starlink revenue, because Starlink posted an operating profit while xAI dragged the group into a $4.9 Bn net loss for 2025. StartupFeed expects SpaceX to stay volatile through August 2026, with the stock testing fresh lows below $110 if the unlock and earnings disappoint together. By Harshvardhan Jain.
SpaceX Stock Price Breakdown
SpaceX stock traded at $116.41 on July 28, 2026, giving the company a market value of about $1.51 Tn (Investing.com). The stock has swung wildly since its June 12, 2026 debut. It peaked at $225.64 on June 16, then slid for weeks as early excitement faded.
| Metric | Detail | Notes |
|---|---|---|
| IPO Price | $135 (Rs 12,922) | Listed June 12, 2026 on Nasdaq |
| All-Time High | $225.64 | Reached June 16, 2026 |
| All-Time Low | $108.66 | Reached July 27, 2026 |
| Price (July 28) | $116.41 | Down about 14% from IPO price |
| Market Value | About $1.51 Tn | Down from $2.6 Tn June peak |
| Ticker | SPCX | Nasdaq-listed |
The most striking fact is the drop from the peak. From its June 16 high of $225.64, SpaceX stock has fallen more than 40%, according to TradingView data.
About SpaceX
Space Exploration Technologies (SpaceX) designs and launches reusable rockets, runs the Starlink satellite internet network, and builds the Starship deep-space system. Founded in 2002 by Elon Musk and headquartered in Starbase, Texas, it went public in June 2026 and completed its acquisition of AI venture xAI in February 2026. The company employs about 22,000 people and now trades on Nasdaq under SPCX.
Why is SpaceX stock falling?
SpaceX stock is falling due to a mix of stretched valuation, profit-taking, and worry over a coming share unlock. Investors who rode the debut higher are now locking in gains as the AI-driven rally cools. Daniela Hathorn, senior market analyst at Capital.com, told Reuters the selloff reflects a reassessment of the company’s lofty valuation.
The selloff appears to stem from investors locking in gains, a reassessment of the company’s valuation, and the reversal of heavily bullish bets built up around one of the most anticipated market debuts in recent memory, Hathorn said.
The fundamentals add pressure. SpaceX posted a net loss of $4.9 Bn (Rs 4.69 Lakh Cr) in 2025 and lost a further $4.28 Bn (Rs 4.10 Lakh Cr) in the first quarter of 2026, per company filings cited by market analysts. That gap between valuation and profit worries buyers.
What does this mean for Indian investors?
For Indian investors, SpaceX stock is a direct-market bet with high risk, since it trades only on Nasdaq and carries wide price swings. Indians can access SPCX through brokers offering United States equities under the Liberalised Remittance Scheme (LRS), which allows overseas investment up to $250,000 (Rs 2.39 Cr) per financial year.
| Factor | SpaceX (SPCX) | What It Signals |
|---|---|---|
| Volatility (beta) | 5.89 | Far riskier than broad market |
| Public Float | About 4% to 5% | Thin float amplifies price swings |
| Profitability | Net loss in 2025 | No profit backing yet |
What sets SpaceX apart is scale, its Starlink network and Starship program have no listed Indian rival of similar reach, so the stock offers rare direct exposure to space and AI in one name.
What’s Next
SpaceX reports its first earnings as a public company on August 4, 2026, followed by a share unlock on August 6 that could bring more supply to market. Both events fall within a single week, setting up a sharp test of investor nerve. Will the unlock and earnings steady the stock, or push SpaceX stock to fresh lows?
Frequently Asked Questions
Disclaimer: This article is for informational purposes only and does not constitute investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. The analysis above is based on publicly available information and should not be the sole basis for any investment decision. Please consult a SEBI-registered financial advisor before making investment decisions.
Have a tip? Write to us at editorial@startupfeed.in.
