SpaceX stock hits all-time low despite Starship success
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SpaceX stock hit an all-time low of $109.53 on Monday before recovering slightly to $113.50, shedding nearly 30% from its $150 market debut last month and roughly 50% from its $225.64 all-time high
- Starship Flight 13 launched Friday evening from Starbase, Texas — SpaceX's first launch since its June IPO — deploying all 20 next-generation Starlink V3 satellites, relighting an engine in space, and completing what SpaceX called its softest ocean splashdown yet
- SpaceX's Super Heavy booster failed to light all 13 engines for its landing burn and hit the Gulf of Mexico harder than planned, though neither the booster nor Starship were intended to be recovered
- Investors are bracing for SpaceX's Q2 earnings report on August 4 followed by a major share unlock on August 6, when as many as 20% of shares become eligible to be sold under the lock-up plan
- SpaceX has begun turning away satellite operators seeking Falcon 9 rides beyond 2028, stopped taking Falcon 9 rideshare reservations, and halted production of some non-reusable Falcon 9 and Falcon Heavy components — making Starship's reliability central to how investors value the company
- CEO Elon Musk said SpaceX will attempt to catch the Starship upper stage with the Mechazilla tower arms on Flight 14, a first for the upper stage after the system has already caught the Super Heavy booster
- Alex Morris, CEO of F/m Investments, told Yahoo Finance the stock's volatility is tied to "AI hooks shoved into that same package," but argued SpaceX has "an intergalactic-sized moat" with no natural competitors
Why it matters: SpaceX's ~50% slide from its post-IPO peak shows investors are repricing a company that is actively walking away from its proven Falcon 9 revenue stream to bet everything on Starship — with up to 20% of shares hitting the market on August 6, right after the August 4 earnings report, amplifying any selloff risk for shareholders.
