SpaceX Stock Hits All-Time Low Despite Starship Success
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- SpaceX (SPCX) stock sank to an all-time low of $109.53 on Monday before bouncing 4% by midday Tuesday, now down roughly 30% from its $150 June IPO debut and 50% from its $225.64 all-time high.
- Starship Flight 13 deployed all 20 Starlink V3 satellites, relit an engine in space, and achieved what SpaceX called its softest ocean splashdown yet, though the Super Heavy booster failed to ignite all 13 landing-burn engines before hitting the Gulf of Mexico.
- CEO Elon Musk said SpaceX will attempt the first-ever tower catch of a Starship upper stage using the "Mechazilla" arms on Flight 14, "unless we discover problems after mission data review."
- SpaceX's Q2 earnings report arrives August 4, followed by a lock-up share unlock on August 6 that could release up to 20% of eligible shares onto the market per the company's lock-up plan.
- SpaceX has begun rejecting Falcon 9 satellite customers seeking dedicated rides beyond 2028, stopped taking rideshare reservations, and halted production of some non-reusable Falcon 9 and Falcon Heavy components as it concentrates resources on Starship.
- F/m Investments CEO Alex Morris told Yahoo Finance he expects "double digits" in the stock price over time but warned that AI components bundled into the valuation are driving near-term volatility.
Why it matters: With up to 20% of shares becoming eligible to sell after the August 6 lock-up expiry—immediately following SpaceX's August 4 Q2 earnings—the stock faces concentrated supply pressure at a moment when the company has already stopped taking Falcon 9 bookings and halted legacy component production, making Starship's reliability the central variable for whether the slide reverses or deepens.
