SpaceX Stock Hits New Low at $113.50, Down 16% From IPO
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- SpaceX stock closed at $113.50 on Monday, a new low for shares since its public debut, and is now down 16% from the $135 IPO price.
- SpaceX was valued at approximately $1.8 trillion in its mega-IPO, a figure the Barron's piece uses to frame the decline as a pullback from an already elevated starting point.
- Barron's analyst Al Root argues the selloff will eventually draw buyers, writing that "there is a price for everything" and the declines will attract bargain hunters.
- The article (paywalled) promises three specific price levels where SpaceX stock becomes attractive, based on the view that the stock "just won't stop going down."
Why it matters: A 16% drop below a $135 IPO price is an unusually fast post-listing decline for a company valued at $1.8 trillion at offering, and Barron's is explicitly telling readers where to step in. That positions the piece as a buy-on-dip thesis for investors who see the selloff as a rare entry rather than a fundamental warning.
