On June 18, SpaceX declined 3.53% in regular trading, trading at $178.82/share with turnover of $9.244 billion, extending its pullback after recording its first post-IPO decline in the prior session.
The continued selling follows mounting concerns over SpaceX's elevated valuation relative to its fundamentals. The stock had surged over 40% from its $135 IPO price in just four trading days before the correction began. Financial data shows the company posted a net loss of $4.9 billion in full-year 2025 and $4.28 billion in Q1 2026, with only its Starlink satellite internet segment profitable. Analysts have warned that the current valuation requires years of execution to justify.
Market participants note that only approximately 4.2% of total shares outstanding are available for trading, amplifying volatility in both directions. Additionally, Wall Street strategists have flagged increasing risks as the phased lockup expiration approaches, with some of the largest pre-IPO shareholders committed to holding until mid-2027. Freedom Capital Markets Managing Director Paul Meeks stated that SpaceX may have already reached its short-term peak and that a more significant decline could be underway.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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