SpaceX stock price: What happened and what comes next
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| Here's everything you need to know about SpaceX stock right now. Credit: Samuel Boivin/NurPhoto via Getty Images |
After a hot start with its IPO two weeks ago, SpaceX stock has seen almost all of its gains erased.
SpaceX stock has fallen for three consecutive trading days as of Monday, dropping 8 percent in one day alone. It is now trading at under $170 a share — roughly where it was on the day SpaceX went public.
Elon Musk's space exploration and AI company went public on June 12 with the biggest IPO in history, one which made Musk a trillionaire. On June 16, SpaceX stock hit a high of more than $225. Days later, SpaceX announced that the company had acquired AI coding agent Cursor. Shortly after the $60 billion acquisition announcement, SpaceX stock fell and has been tumbling ever since.
What's the problem with SpaceX stock?
There are an increasing number of red flags on SpaceX stock that seem to be sending some investors running the other way — not to mention orange ones.
MSCI, the finance company and index provider, has slapped SpaceX with a score of one out of 10 in its “controversies” category. SpaceX has received an “orange flag” due to this score, which notes if a company is involved in one or more severe controversies.
SEE ALSO:Elon Musk seemingly found the cheat code for capitalism. The SpaceX IPO proves it.
A score of zero out of 10 and a "red flag" would have been awarded if SpaceX was found to be “directly involved in one or more very severe ongoing controversy cases,” according to the Financial Times. For example, Volkswagen received a MSCI red flag in 2022 after allegations of forced labor at an assembly plant in China.
Worse for SpaceX was MSCI awarding the company with the lowest possible environmental, social and governance (ESG) rating, a Triple-C ESG rating. ESG is often used by investors and funds looking for the most ethical, least problematic stocks — helping them avoid tobacco companies and firearm manufacturers, for example.
Musk's company is "lagging its industry based on its high exposure and failure to manage significant ESG risks," MSCI notes. For example, SpaceX's IPO revealed $3 billion in new gas turbines for an AI data center project in Mississippi — where the company is already being sued for running gas turbines without an air permit.
SpaceX's Triple-C grade is the same one given to Russia, on MSCI's international government version of the scale, after the invasion of Ukraine in 2022.
Other MSCI concerns include SpaceX's limiting of shareholder rights, its concentration of control (Musk has 40% of shares but 80% of voting rights), conflicts of interest with his other companies, and a lack of independent board members.
MSCI's ESG rating for SpaceX is likely to catch Musk's attention. Musk has previously lashed out when Tesla was removed from the S&P 500 ESG Index in 2022 due to claims of racial discrimination at the electric vehicle company, as well as scant details on Tesla's low-carbon strategy.
Back then, Musk called the whole ESG concept a "scam" that was "weaponized by phony social justice warriors" — so if history is any guide, expect a torrent of rage tweets direct at MSCI.
doing what most #IPOS do, inital hype and then sell off, negative catalyst, bond sales, just look at the first year DD of IPOs if you dont know this before you bought this stock, there is no point in calling it investing, its a gamble bc data is clearly not on your side
ReplyDeleteIt is worse than gambling. Gambling you have a chance to win
DeleteFor this sucker, it is only down, down, and more down
Finally a good comment.
Deleteit will bounce back, but no one knows when
ReplyDeleteIt will years from now. People have no idea how overvalued this stock really is.
Deletehttps://media1.tenor.com/m/2GdvMq0z0dUAAAAC/drake-notebook.gif
DeleteSo lose 4000 billon to raise 20B… check 🤠
ReplyDeleteThat's market cap vs cash that goes to the balance sheet. It's different
DeleteGolden rule, dont invest in IPO in it’s first year
ReplyDeletein 365 days.
Deletemaybe 358 days 😜
Deletehttps://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExZmIza3g4aDg3MGh3cHAxY24wdzgwZXY4cTRhaWtvdXAydTlscGF4dCZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/yNQ9380O1194a2uJbk/giphy.gif
DeleteTurns out gravity works in space too.
ReplyDeletehttps://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExdzlwNmZsbDl2aGZobzM0eDJ6bnhsdnRzMzNjMXA0OHZsODkwbm1xbSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/KOobSqJrq9lA2ypra6/giphy.gif
https://imgur.com/a/TP2WLGW
ReplyDeleteBond offering spooked the market more than expected
ReplyDeleteStill surprising that it's above the IPO price after all this
ReplyDeleteVery soon it will be traded at below cash.
ReplyDeleteBecause the company has nothing else of value
I mean, anyone with a brain knew that valuation was insane from the start. Private company valuations are just made-up numbers until they actually go public.
ReplyDeleteThat kind of drop in a few days makes you wonder how much of the run-up was just hype to begin with.
ReplyDeleteAnd that’s why he’s a trillionaire he takes from the poor and keeps it for himself.
ReplyDeleteHahaha, you're stupid, di you know about the LOAN? Of coarse not.
ReplyDeleteMore pain is coming August - January when pre-IPO investors get to start unloading their shares.
ReplyDeleteOvervalued at launch and will be over diluted with supply later this year.
It's an Exit of major shareholders in the company
ReplyDeleteBet against Elon at your own risk!
ReplyDeleteSo people think stocks only go up and stay up?? Whatever, all you na sayers please sell so smart ones can buy.
ReplyDeletehttps://imgur.com/a/mjD1JKJ
ReplyDeleteVolatility like that makes you wonder if retail investors even stand a chance in this market.
ReplyDeleteVolatility like that is wild. Reminds me why I stick to boring index funds for the long haul.
ReplyDeleteHow weird, right?
ReplyDeleteThe richest person in the world still needs to borrow money to keep launching ridiculously expensive rockets into space.
Who could have possibly seen that coming?
It ran up too high too fast it’s still up 23% in 10 days
ReplyDeleteYou think SPCX might buy LUNR?
ReplyDeleteMusk simply couldn't fathom it: over the course of just four trading days, his hair and beard had turned significantly gray.🤣
ReplyDeleteThat’s a rough hit but honestly SpaceX is probably one of the few stocks I’d still buy on a dip like this
ReplyDeleteThis is normal
ReplyDeleteI said days ago what will happen now dyor
ReplyDeleteIt's 147 and falling now... It may breach its IPO price this week
ReplyDeleteElon will unveil antigravity tech!! stay tuned
ReplyDeleteNothing much happend, mask sold...
ReplyDeleteMadness
ReplyDeleteIt’s called investing
ReplyDeleteIt’s a risk
People sold
Took the hit and ran with the money 💰
Just like Moderna. Up and down
ReplyDeleteLove this
ReplyDeleteCrazy? It was predicted. Volatility is expected. Let the market consolidate and find a price. Chill mr doomsday
ReplyDeletewhich is crazier, rallied to 225 or back to overpriced level
ReplyDeleteMusk is a scammer
ReplyDelete市場が勝手に狂喜乱舞しているだけでは
ReplyDeleteUpdate
ReplyDeletehttps://imgur.com/a/sPqov1p
At 164 now
DeleteUpdate to what? More shorts? More quantitative relief using YOUR tax dollars to prop up a defunct and bankrupt business that neither sells or produces anything? You realize how many unions likely bought all in on SpaceX so families lose 20% of their retirement? Update this 🖕🫵🤡
DeleteOf course it did. People took their profits and now the chart needs to stabilize for people to want to buy back in.
ReplyDeleteClassic post IPO profit taking.
DeleteThese people are just broken inside and looking to blame their shit existence elsewhere
DeletePUMP AND DUMP STOCK FOR THE GULLIBLE
DeleteCommon sense.
DeleteAll post IPO buyers are underwater now
ReplyDeletenot us :)
DeleteDidn't it ipo at 135?
ReplyDeleteThat’s what I paid.
DeleteInitially offered at 135, but trading jumped to 150 right away.
DeleteI'm just a retard smoking pot on his porch and even I knew that was a rug pull to fill empty accounts. Musk isn't worth what people think. SpaceX has lost more money just this year that the GDP of 61 countries. Fucking derps.
ReplyDeleteIs it time to buy now that the smoke has settled 🤔
ReplyDeleteThe usual analogy for this is "trying to catch a falling knife". If you fail to time the market and the price keep crashing you will get "cut"
DeleteNot yet it’s going to go lower.
DeleteIf you are a gullible cunt
DeleteDidn’t know you guys were a finance news outlet?! 🧐🤣
ReplyDeleteNot the only thing you know nothing about
DeleteThis is the retail rug pull. Wait until the early investors start selling.
ReplyDelete$15 in a years time.
Show us your short position
DeleteFuck off stupid elon fanboy.
DeleteSounds like someone doesn’t believe their own words
DeleteThen I’ll be buying a lot of it.
DeleteNo one asked.
DeleteA lot more.
DeleteWOW!
ReplyDelete”Why are we all ignoring the elephant in the room!
We all know the deffinition of insanity!
We’re sleepwalking into the Kessler Effect, and SpaceX is stomping the gas pedal.
People don’t realize how fragile low‑Earth orbit really is — one tiny metal screw flying at 17,000 mph can shatter a satellite, which creates more shrapnel, which destroys more satellites, until the whole sky becomes a spinning minefield. That chain reaction doesn’t stop in a week — it can trap humanity on Earth for centuries.
No GPS.
No weather satellites.
No global communications.
No launches.
No repairs.
Just a glittering cage of our own making.
But the “more satellites, more rockets, more profit” crowd keeps firing thousands of new objects into orbit like it’s an infinite junk drawer. That’s how you get the Kessler/Musk Effect — a future where Earth isn’t a planet anymore, it’s a cosmic prison, and we’re locked inside with no key.
People call it progress.
I call it orbital Russian roulette with the entire species on the line.
STORMY PORNO SINER FELON TIMES
LMFAO!!!!
DeletePump and dump
ReplyDeleteI did nazi that coming
ReplyDeleteFor the people who’ve been saying from day 1 that the stock was going to drop big time I’m honestly curious in how you guys knew that ? Sorry I’m new at stocks so please understand that part before calling me stupid lol
ReplyDeleteIt's almost as if investing in a company that is incapable of turning a profit without federal subsidies isn't the best idea. Musk is a snake oil salesman and dummies keep falling for his grift.
ReplyDeleteFacts he won’t get us to mars, this is big bigg scam
ReplyDeleteThen for the second time, third, fourth... Crickets...
ReplyDeleteWake me up when it hits 5
ReplyDelete"I think fundamentally the future is vastly more exciting and interesting if we're a spacefaring civilization and a multiplanet species than if we're not [...] And that's what being a spacefaring civilization
ReplyDeleteis all about."
- ELON MUSK
P25 in the spacex S1
https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm#id286866c4c474ba490d6531a57db9e93_57
This rug is going to be brutal....
ReplyDeleteI went to a global mining conference last month. One of the topics was space mining. The ratio that struck was that if it takes 1 unit to put something in space, it takes a 1000 to land it and 1,000,000 to bring anything back That wa the head of AROSE, Australia’s space agency on the future of space mining
ReplyDeleteMoreeee moreeeeee mooooorrreeeeee!!!!
ReplyDeleteI know everyone is happy to see it fall, but there are a LOT of Musk fanboys just biting at the heels ready to inflate this thing to records again.
ReplyDeleteElon rugged?
ReplyDeleteone again the sandwich heavy portfolio pays off for the hungry investor
ReplyDelete"for the first time" it's been a few weeks!
ReplyDeleteIt's 5:30am, first time there's daylight out today, no it's just the way daylight works.
Whenever a stock IPOes it's the most overvalued it's ever going to be for the foreseeable future. That's just how IPO's work.
Anyone who believes in this bullshit and supported musk and MAGA - I hope ya lost your shirts and future on your bet!
ReplyDeleteRevenge of the people!! Hit him where it hurts the most his pocket.
ReplyDeleteAnd here I am, bought some SCHD today
ReplyDeleteExcellent news! Garbage price for a garbage stock
ReplyDeleteI question those who buys SpaceX stock, why anyone in the right mind would invest in a stock with 4% flow on a $13 billion profit last year at $2trillion validation?? with current EPS it would take 153 years for investor to make their money back assuming earning stays the same
ReplyDeleteI'm just going to call it, SpaceX price should be around $5-$7 per share assuming P/E is 20.....
The debut price was $135 FYI
ReplyDeletePuts FTW! Bought 6/26 157.50 at 1.90 and sold at 11.00 at opening today. Nice 48 hour turn around.
ReplyDeleteWhy is anyone surprised? Totally predicted.
ReplyDeleteI'm surprised it was this soon. There's a lot of financial engineering in the details of the IPO that are working to keep the price elevated until other holders can divest their shares. If it's already sagging Musk might have to tweet out some BS to steady it ahead of schedule.
DeleteI’m sure the government will offer them a bailout
ReplyDeleteThere really was only one direction for this stock to go. Musk mene-stock = Trump meme-coin. They are the same.
ReplyDeleteWhat? My charts showed it being up 5% all day lol?
ReplyDeleteAnd the rug has been pulled
ReplyDeleteThat was....
ReplyDeletePredictable
Oh no!
ReplyDeleteAnyway….
Who gives a shit
ReplyDeleteHow long can it go? Can it go down low,? All the way to the floor?
ReplyDeleteSpaceX investors, the getaway drivers holding the empty bag.
ReplyDeleteYeah the rule is never invest to meme stocks. This is just a three meme stocks in a trench coat.
ReplyDeleteSmart people sold when it was up. Complete nonsense to hold it long term
The stock is Starlink and a bag of rocks 🪨
ReplyDeleteWell, guess his bullshit field is failing.
ReplyDeleteNow do Tesla
August 11: a massive dump of new stocks will happen so some early investors can get their pay day from the money of your etf/401k
ReplyDeleteI knew it when I saw their lowest put option was $160. Haha.
ReplyDeleteNo surprise, multiple analysts said SpaceX was a big no before the IPO.
ReplyDeleteFirst time today.
ReplyDeleteFor the first time? Has it even been 2 weeks?
ReplyDelete$150? It IPO'd at $135???
ReplyDeleteGetting screwed by billionaires (and one trillionaire). Again.
ReplyDeleteI think I put in for 3 shares for the lulz imagining I would not be getting the money back, but just to see what it does.
ReplyDeleteThe rest of my portfolio so far is up about 70% over cost so it can lose there if it needs to.
Do I like Elon Musk? No. Do I like space? Yes. That's really the only logic I put in. I've also had some other space stocks in the past.
Curiously, I'm only showing a loss of -4.09% on it right now. Let's see how badly it eats the concrete lmao
See GME ca. 2021.
ReplyDeleteIt ain't coming back, but people are going to be pretending it will for years.
Yes! Deeper! Every idiot or morally corrupt person can loose all their money for all I care. They had it coming.
ReplyDeleteYour fight is with people who have money to invest? Your sol in life my friend
Deletestock price is adjusting toward the company’s actual value
ReplyDeletegodspeed spiderman
ReplyDeletewaiting for the meme stocks to fall: there was an economics professor at UCLA back who, every year from 2000, announced that this year the real estate market will collapse. 8 years later he was right and they founded an institute around him. like the weatherman in the desert who predicts rain every day, one day he will be right. knowing something will happen and knowing when it will happen are two different things
ReplyDeleteYup. It's at the point where their stock is being given away for free.
ReplyDeleteStock/ETF apps only give away stock when a company is failing.
Going to crash to a $75 value before leveling off and making any gains to approximate $130 range.
ReplyDeleteMusk and cronies took your money and then bought the shares back on the cheap using your money
ReplyDeleteThey knew this because AI predicted it. Who controls the AI
DeleteAnd now the same should happen to Tesla. I mean if you see sales, etc the stocks are way overpriced. Yeah yeah future potential....
ReplyDeleteI am shocked, SHOCKED, I tell you! But I was told by reputable finance bros that this was a sure thing! 🤣🤣
ReplyDeleteThis is what happens when you buy a Meme stock and not on actual valuation. Not saying more people won't be fooled to drive the price back up, but its all based on speculation just like Crypto and NFTs. Until people learn, they will continue to fall for scams like this.
ReplyDeleteElon stocks are just collectors items. They don't pay dividends, they don't give you voting rights, and they don't do buybacks, so what even are they? Too many companies are operating this way, but at least with others it's conceivable they'll attempt to return money to shareholders, with Elon it's just a hot potato because it's only value is that they don't seem to have many sellers.
ReplyDeleteWell now with SpaceX it's valued so highly the seller ratio will be too high, since initial investors from when it was private have an exit price that's currently high, but falling, they'd be smart to sell as soon as they can.
Another thing to consider is that there are millions that haven't been sold, so the ratio is already massively for sells, with a little embargo so people don't sell immediately (but they still can).
Even if you're bullish on Elons salesmanship, the math is just working against it. Expect some fuckery on him by moving some subsidiaries around to shuffle the losses but the snowball must occur
This is literally just a stock market rug pull for the retail investors that thought they were going to make money on the 5% of public shares. Can't wait until every SpaceX employee dumps their shares to become instant millionaires leaving retail to hold the bag.
ReplyDeleteDon’t worry, they’ll go a lot lower.
ReplyDeleteOh fuck yeah, don't stop
DeleteTruly don’t understand why every single decline in SpaceX’s share price needs to be reported in the technology subreddit. Especially since it went back up since this article was posted.
ReplyDeletePump and dump wins again!
ReplyDeleteThe employee lockup period hasn't even kicked in...
ReplyDeleteStill too expensive. Maybe when it’s 10 or 20 dollars it’s more realistic.
ReplyDeleteKeep falling so I can buy!
ReplyDeleteAhh you gotta love a bag holder. It's like watching babies walk and then fall. It's hilarious!
ReplyDeleteMay it fall all the way to zero.
ReplyDeleteWhat a shock. An IPO company's stock shows volatility immediately after an IPO... /s
ReplyDeleteStill 2x over value. Look forward to further falls.
ReplyDeleteHope everyone involved with this nazi blood money goes penniless.
ReplyDeleteFirst time? It just debuted.
ReplyDeleteIf I had money to trade you'd be samn certain I put it all on puts lmao. People getting all excited when of you've traded even in the smallest amount you could have seen where this was going...
ReplyDeleteWill buy at $49.99
ReplyDeleteIt fell below $150 for 5 minutes ...
ReplyDeleteThat said I have no idea why anyone is investing in any of these Elon companies. Their evaluation just makes no sense.
All according to plan, I suppose. xAI investors get their payday offloading this Frankenstein onto our 401ks.
ReplyDeleteThis, somehow, will not give anyone pause before approving openAI and Anthropic IPOs.
ReplyDeleteI bought a single share at the drop, sold at $211 and felt pretty cool about it. I do now feel bad for giving Musk money but I'm using the profits for GTA 6 so worth it to me
ReplyDeleteQuod erat expectandum…
ReplyDeleteHasn't it been like a week? It's not like a decade later it started to slump. Its a pump & dump stock which is going through the dump now. If it hit realistic values shares will be around like 5 a share.
ReplyDeleteAre we going to get a daily SpaceX stock update now? This is a technology sub it shouldn't be a feed for short-term gains, day trading, 'investing,' and 'speculating.'
ReplyDeletewe are still outside the mandatory buying range right? The lower it goes, the better for all our stock portfolios that use ETFs.
ReplyDeleteI really want to say I told you so but it just seems to mean now.
ReplyDeleteThe stock market is a roller-coast operated by idiots, maintained by morons and ridden by sociopaths. Don't read too much into this, you will only be disappointed when the stock rallies for no apparent reason.
ReplyDeletemildshock.jpeg
ReplyDeleteThis is an investment you don’t collect on for 30 years if that
ReplyDeleteThis SpaceX IPO is like the worst of all possible scenarios. Sacrificing the company to do what is essentially a back door IPO of XAI by bolting it onto an otherwise successful business and leveraging SpaceX's existing reputation to load up on retail funds to feed the AI money incinerator.
ReplyDeleteThe abomination of an entity that's being traded under SPCX feels like an obvious play for 'exit liquidity' and a future bailout by attaching the failing mess of an AI company to SpaceX, which provides critical capabilities to the US government.
Sir. This isn't even the final plan. Wait until he merges Tesla and SpaceX to pump and dump even more
DeleteYeah. SpaceX is mostly a SPAC right now.
DeleteI mean the real question is do you short the stock over 6 months as people in the company begin to sell their company stock
ReplyDeleteElon be cashing out big portion of the crazy valuation
ReplyDeleteGood! Keep falling!!!
ReplyDeleteI really shoulda shorted it, but I thought it would at least make it 3 or 4 days before crashing down, not like 2.
ReplyDeleteAnything and everything attached to Elon Musk is bound to failure. He will be remembered as the most hated man in history before his own death.
ReplyDeleteI'm still shocked by how many folks love this Elon guy, anyways this will be entertaining if nothing else.
ReplyDeleteIt is an 18 Billion USD revenue company and valued at 100x revenue. Not even early stage startups get that multiple.
ReplyDeleteBut Elon got 70 Billion dollars from the people by diluting less than 5% shareholding. People are the suckers.
Man I’m going to have to increase my popcorn budget
ReplyDeleteInsert Donald Glover GIF.
ReplyDeleteHow much does it need to fall for Elon to become a mere billionaire again?
ReplyDeleteI'm shocked! /s
ReplyDeletePump and dump. Offload all Musk’s failures onto his latest IPO so the stock market and our retirement accounts absorbs the financial fallout.
ReplyDeleteShocker!
ReplyDeleteHey SpaceX where is that Mars colony Elon promised by 2024?
While we are at it, where are all the Tesla self driving taxis?
While we are at it, where is self driving for any Tesla?
Lets not mention Elon's AI that makes illegal porn pictures.
Elon is full of s**t.
Starlink Internet speed is only a tenth the speed of earth cable/fiber with much worse latency; even 5G often performs better; 95% of current internet is carried by earth cables very successfully, we don't need starlink internet;
ReplyDeleteorbiting data centers is simply a huge waste of money - huge solar arrays, IR radiators since there is no atmosphere to absorb heat, cost to get this into orbit, much harder to maintain compared to a server farm on earth
Moon and Mars ventures are COLOSSAL money losers, we don't need people on the moon or Mars; every element on the moon is HERE on earth
We only need satellites for military, weather, GPS, Climate, Oceanography; earth tech will do navigation that's almost as good;
99.99% of people don't need satellite phones - unless you're in the gobi or on a container ship in the middle of the pacific; Iridium already went bankrupt - not enough demand!
The ONLY thing we need from Spacex is launching satellites; there are good competitors for that and we don't need that many satellites.
Don't worry, it definitely has a floor. Based on revenue, shares really shouldn't go below 25 cents. Hold, and you should be OK.
ReplyDeleteMetaphorical financial space junk falling out of orbit.
ReplyDeleteit should worth like $50 at the very most.
ReplyDelete