SpaceX Stock Closes At Fresh Low After Seven Straight Day…

The content discusses notable financial developments, particularly focusing on SpaceX's declining stock performance following its IPO. Key points include: SpaceX shares fell over 3% for the seventh consecutive day, reaching a new low below $120, which is nearly 50% down from its record high shortly after the IPO. Upcoming events that could impact the stock include SpaceX's first earnings report and significant lock-up expirations allowing early investors to sell shares. Additional context includes concerns about SpaceX's recent launch setbacks and their implications for other AI IPOs.

A SpaceX Starship docked at a launch pad in Boca Chica Beach, Texas against a blue sky with few clouds.

SpaceX stock is nearly 10% below its IPO price. Photo by Brandon Bell / Getty Images

Key Takeaways

SpaceX shares dropped more than 3% Monday, marking seven straight days of losses and a new low.
The stock is down nearly 50% from the record high set just a few days after its historic IPO in mid-June.
Key upcoming events include SpaceX’s first earnings report as a public company and the expiration of agreements that prohibit early investors and employees from selling the stock.

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SpaceX is experiencing significant turbulence.

Shares of SpaceX ( SPCX) fell more than 3% Monday to close at a fresh low of just below $120, extending their decline to a seventh consecutive session. The stock is down 47% from its record high above $225 set a few days after the company’s record-breaking IPO in mid-June.

The latest losses followed a series of setbacks for the company, which this morning scrubbed a Falcon 9 launch that was scheduled to take 24 satellites into orbit from the Vandenberg Space Force Base in California.1 SpaceX also aborted a Starship flight test last Thursday.2

The space exploration, satellite connectivity and AI company still ranks among the biggest companies in the U.S., with a market capitalization of nearly $1.6 trillion. But the weak performance of the stock recently is reportedly giving other AI IPO-hopefuls cold feet, which would make sense given the chilly reception of more recent offerings.

SpaceX IPO Investors Won't Just Be Buying a Rocket Company—Here's How It Makes Money\ \ A SpaceX rocket displayed vertically pointing upward against a cloudy sky background Understanding IPO Lockups: Definition, Purpose, and Expiry Impacts\ \ stock market information on tablet

SpaceX is set to attempt its Starship test flight again this Thursday.3 Meanwhile, CEO Elon Musk posted “Grok for Excel is live,” on his social media account earlier this afternoon, referencing SpaceX’s conversational AI chatbot. 4

There are two other noteworthy events that investors will want to follow closely: SpaceX’s inaugural earnings report as a public company, which has not yet been set but is expected in August, and the first of a set of lock-up expirations that will free up employees and early investors to sell some 911.5 million shares on the second trading day immediately following its earnings report.5

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X. “ @SpaceX. 10:42 a.m., July 20, 2026.”
X. “ @SpaceX, 6:47 p.m., July 16, 2026.”
SpaceX. “ Starship’s Thirteenth Flight Test.”
X. “ @elonmusk, 1:45 p.m., July 20, 2026.”
Securities and Exchange Commission. “ SpaceX: 424B4.”

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