SpaceX's stock is currently experiencing a significant downturn, trading near all-time lows since its much-anticipated initial public offering on June 12, 2026. After an explosive debut that saw shares surge above the IPO price of $135, the stock has since experienced considerable volatility, reaching a peak of $225.64 on June 16 before entering a steep decline. As of July 13, 2026, shares were trading around $140-$145, a more than 35% drop from its peak and hovering just above its IPO price.
This sharp sell-off follows investor concerns over SpaceX's lofty valuation, which approached $2 trillion at its IPO and briefly surpassed $2.9 trillion at its peak. Despite its ambitious projects like Starlink and Starship, the company reported significant losses, including a projected $4.9 billion net loss for 2025. The company's AI division has also been a drag, with substantial losses anticipated for 2025 and early 2026.
Analysts remain divided on the future trajectory of SpaceX's stock. While some, like Morgan Stanley, maintain a bullish outlook with price targets significantly higher than the current trading level, others, like Snyder, express a more muted view, expecting further declines. The company's ability to convert its technological advancements and ambitious long-term projects into sustainable profitability remains a key question for investors. SpaceX's Starlink segment, however, continues to show strength, generating over $11.4 billion in revenue and $4.4 billion in operating income in 2025, providing a financial foundation amidst ongoing challenges.
