Overview
- SpaceX's stock has fallen below its $135 IPO price after a steep post‑IPO selloff that left the share price around $108.
- The company carries a market valuation near $1.4 trillion while reporting losses and burning cash as it funds Starship, Starlink and AI projects.
- A very small percentage of shares were floated, so index buys, retail trading and options hedging have amplified swings in a thin market for the stock.
- High‑profile buyers such as ARK Invest have been purchasing the dip even as some analysts recommend indirect exposure through Alphabet because it already holds a large SpaceX stake.
- Investors are watching two near‑term tests — the firm's first public quarterly report and a staged insider lockup that could free large volumes of shares — because either event could sharply increase supply and push the price lower or restore confidence.