TLDR
- SpaceX stock is trading at $115.26, near its 52-week low of $115.19, down 28% year-to-date
- The stock has fallen 25.5% since its IPO on June 12, 2026, from a high of $225.64
- Key pressures include post-IPO hype cooling, an approaching lockup expiry, and a Starship launch delay on July 16
- Congressman William R. Timmons IV bought $50,001–$100,000 of SPCX stock on June 15, 2026
- 36 analysts tracked by CNN have a median 12-month price target of $225, implying over 87% upside
SpaceX’s rough start on the public markets is drawing fresh attention — from retail investors, Wall Street analysts, and now a sitting U.S. congressman.
SpaceX (SPCX) is trading at $115.26, near its 52-week low of $115.19. The stock has dropped 25.5% since its first day of public trading on June 12, 2026, when it hit an early high of $225.64. It’s now down 28% year-to-date.
Space Exploration Technologies Corp., SPCX
South Carolina congressman William R. Timmons IV purchased between $50,001 and $100,000 of SPCX stock on June 15, 2026, just days after the IPO. The transaction was made through his investment vehicle, SCH Invest, and disclosed under the STOCK Act on July 17. Timmons certified the details on July 19, 2026.
The STOCK Act requires members of Congress to disclose trades to maintain transparency and prevent insider trading.
There’s no single reason for the stock’s decline. Analysts point to several factors that have weighed on the price.
First, IPO hype faded fast. Investors who bought in early — and rode the stock to its $225.64 peak — may have locked in profits as momentum slowed.
Second, a lockup expiry is approaching. SpaceX is set to report its Q2 2026 earnings in August, and a staggered lockup period is scheduled to expire around that time. Some investors may be selling ahead of potential insider selling pressure.
Starship Delay Adds to the Pressure
A Starship rocket launch delay on July 16 didn’t help. The news sent SPCX lower in extended trading that day. While a delay alone isn’t a crisis, it added to the existing sell-off momentum.
Broader tech weakness has also played a role. Companies with ties to artificial intelligence have seen selling pressure in recent weeks, and SpaceX — which is building space-based AI infrastructure — is no exception.
The company is not yet profitable, and capital expenditures continue to climb as it builds out that infrastructure. Revenue growth is forecast at 8% for 2026, according to InvestingPro data. Analysts do expect SpaceX to turn profitable this year.
What Analysts Are Saying
Despite the sell-off, Wall Street isn’t walking away. Of the 36 analysts tracked by CNN, the median 12-month price target for SPCX is $225 per share.
From the July 20 closing price of $119.85, that target would represent a gain of more than 87%.
That’s not a guarantee. But it gives investors a benchmark to weigh whether the potential upside justifies the current risks — including further lockup-related selling and an unclear path to profitability.
SpaceX’s market cap currently stands at $1.5 trillion, calculated using publicly traded shares only.
The stock’s day range on July 20 was $115.19 to $124.77, with volume of 470,900 against an average volume of 128.7 million.
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