SpaceX Is Pulling Back — Bearish or Buying the Dip?
SpaceX’s IPO hype is cooling fast. After opening at $150 per share on June 12, the stock surged in its first two trading days and briefly became one of the most valuable companies in the world. But the rally didn’t last. $SpaceX(SPCX)$
Shares fell 5% and 3.6% on Wednesday and Thursday last week, then dropped another 16% on Monday. That brings SpaceX’s total decline to nearly 24% over the past three full trading days.
So what’s going on? — is this the start of a bigger selloff, or a chance to buy the dip?
On one side, SpaceX is expected to be added to major indexes including FTSE Russell, MSCI, Nasdaq-100, and CRSP over the coming months. Estimates suggest passive funds could bring in roughly $21 billion to $33 billion of buying demand.
On the other side, lockup expirations are also coming. Starting after the August earnings window, more shares may be released in batches, which could create selling pressure. That said, Elon Musk and key shareholders still have about 60% of their shares locked up for 366 days, so the biggest long-term unlock may not hit until mid-June 2027.
SpaceX also announced its first bond offering, and disclosed that it had around $100.8 billion in cash and cash equivalents as of June 19. According to reports, the company is looking to raise about $20 billion, likely to repay bridge financing and support its longer-term AI ambitions, including chips and future space-based data center plans.
Are you bearish on SpaceX after the drop, or are you getting ready to buy the dip?
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Would you buy now, wait for a deeper pullback, or stay away for now?
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⏰ Event Duration
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From June 23, 2026 to June 30 2026 at 00:00 SGT
Would you buy now, wait for a deeper pullback, or stay away for now?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
What keeps me interested is the long-term story. SpaceX remains one of the most unique companies in the world, with leadership in launch services, Starlink, AI ambitions, and future space-based opportunities. Expected inclusion in major indexes could also bring meaningful demand over the coming months, which may help support the stock.
For now, my strategy is to stay patient and wait for a better entry point. I would prefer a deeper pullback or a period of consolidation before building a position. Missing the first bounce doesn’t bother me—I would rather buy at a more attractive risk-reward level for the long term.
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The massive 31 percent pullback from its peak is a healthy correction for a market leader. SpaceX remains well above its initial 135 dollar IPO price, and its unrivaled position in orbital launch and Starlink satellite networks presents a rare buying opportunity at a discount. The long-term upside from its aggressive AI infrastructure expansion outweighs temporary market volatility.