SpaceX Stock Breaks Below IPO Price as Lockup Looms
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- SpaceX stock broke below its $135 IPO price for the first time since listing, with the post-IPO selloff framed by Bloomberg as a threat to broader AI-driven IPO euphoria
- Cathie Wood continued buying the dip despite the decline, per Barron's, while CNBC reports short sellers have loaded up against the stock and Reuters flags a looming lockup expiry as the next catalyst
Why it matters: A break below the $135 IPO price turns even passive index-fund buyers underwater and reframes SpaceX from a momentum darling into a lockup-expiry risk — insiders will soon be free to sell, potentially compounding the slide that has already drawn aggressive short-seller positioning.
