SpaceX Stock Hits New Low, Trading Nearly 20% Below IPO Price

SpaceX stock closed at $108.39 today, marking a fresh low and putting shares roughly 19.7% below their $135 initial public offering price, just weeks after the company’s June 12 Nasdaq debut. The stock briefly dipped to $107.67 during the session before settling near current support levels around $107 to $108.

Downtrend Persists Despite Defense Contract

SPCX remains stuck below its 50-period moving average of $114.62, reflecting a consistent pattern of lower highs and lower lows that has kept sellers in control. Even a $1.6 billion contract with the US Space Force failed to spark meaningful buying interest, as investor caution continues to weigh on the stock.

Earnings and Share Unlock Loom as Key Catalysts

Attention is now shifting to SpaceX’s first public earnings report, scheduled for August 4, followed by a potential unlock of previously restricted shares that could add further volatility. Broader sentiment remains weak, with fear and greed indicators pointing to a cautious mood among investors heading into the report.