{"id":937370,"date":"2026-07-15T21:20:21","date_gmt":"2026-07-15T21:20:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/937370\/"},"modified":"2026-07-15T21:20:21","modified_gmt":"2026-07-15T21:20:21","slug":"spacex-stock-hits-all-time-low-dips-below-ipo-price","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/937370\/","title":{"rendered":"SpaceX stock hits all-time low, dips below IPO price"},"content":{"rendered":"\n

SpaceX (SPCX<\/a>) stock slid on Wednesday, breaching a crucial price level. <\/p>\n

On Wednesday, SpaceX shares dipped to a new all-time low of $132.75, dropping below its IPO price of $135, closing at $135.27. The stock went on to debut at $150 on June 12, hit its all-time high of 225.64 on June 16, and has been under pressure ever since.\u00a0 <\/p>\n

SpaceX shares are now down over 30% from their all-time high and around 12% year to date, giving something of a black eye to investors who saw the private-market value of SpaceX only surge over the months before its IPO. <\/p>\n

That being said, most of Wall Street is bullish on SpaceX<\/a>, given the company’s confluence of disparate businesses that flow together: rocket launches, satellite broadband, satellite-to-phone service, and terrestrial and eventually orbital data centers, as well as AI-related products. <\/p>\n

Per Yahoo Finance analyst insights<\/a>, 27 of 31 Wall Street analysts rate SpaceX as a Buy or Strong Buy, with an average price target of $242. Needham was the latest to weigh in, maintaining its Buy rating on the stock but boosting its price target to $250 from $200. <\/p>\n

Needless to say, there is a price disconnect between where Wall Street values the stock and how the market currently values it.\u00a0 <\/p>\n

In terms of catalysts for the stock, in addition to earnings coming up, likely in mid-August, a big near-term milestone for SpaceX arrives tomorrow night.\u00a0 <\/p>\n

\"Booster<\/a> Booster 20 rolls out of the SpaceX production facility for the launch pad as preparations continue for the 13th test flight of the Starship spacecraft and the Super Heavy v3 booster in Starbase, Texas, on July 14, 2026. (Reuters\/Steve Nesius) \u00b7 REUTERS \/ REUTERS <\/p>\n

SpaceX will attempt the 13th test flight of its Starship rocket, tentatively scheduled for Thursday night. The rocket, the largest and most powerful ever built, is the second launch of Starship’s Version 3, a bigger, more powerful design that debuted less than two months ago.\u00a0 <\/p>\n

On its last launch, in May, the Super Heavy booster suffered heat damage during separation when it was pushed into an unexpected position and then failed its return when some of its engines didn’t reignite. The booster was lost. <\/p>\n

SpaceX has been launching and refining the vehicle since 2023, and it remains key to the company’s plans for heavy-lift launches, satellite deployment, and eventually travel to the moon and Mars. <\/p>\n

But even bulls like Evercore ISI’s Kutgun Maral<\/a> note that Starship has yet to prove it can scale, and that could be a problem as its first operational payload launch is coming in the second half of this year. <\/p>\n

Pras Subramanian is Lead Transportation Reporter for Yahoo Finance. You can follow him on X<\/a> and on Instagram<\/a>. <\/p>\n

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