• 2 min read
SpaceX sheds $1T after its market debut peak
SpaceX has lost about $1 trillion in market value within a month of listing, with shares falling to $124 from a June high of $225.64.
Image: ITzine
About one month after its stock market debut, SpaceX has shed roughly $1 trillion in market value. According to Forbes, Elon Musk’s net worth has fallen to $797 billion, a sharp reversal after the listing briefly pushed him into the trillionaire club.
In mid-June, SpaceX shares briefly hit an intraday high of $225.64. By the time of publication, the stock had dropped to $124, below its $135 offering price. That marks a decline of nearly 45% from the peak, hitting retail investors who bought into the listing frenzy.
The pressure has been compounded by Thursday’s failed Starship V3 launch attempt, the company’s first since going public. The timing is awkward: SpaceX is set to report second-quarter earnings on August 6, and investors are now focused less on record highs than on how far the stock could fall by the end of summer.
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Lockup expiry could add more volatility
Another near-term risk is the end of the company’s first lockup period in early August. These restrictions typically limit share sales after an IPO, helping keep supply tight. Once they expire, employees, early investors, and funds can begin selling shares to lock in gains.
According to Axios, about 1.37 billion shares could become eligible for trading. If that supply does hit the market, the number of tradable shares would increase by roughly fourfold. For a company already trading below its IPO price, that could mean a tougher test of how much investors are really willing to pay for its growth story.
If SpaceX’s upcoming quarterly report fails to show that revenue from Starlink and other businesses can offset weakness in some projects, pressure on the stock could continue even after the lockup ends.
“The shares are worth $124, while the offering price was $135, and the June peak came at $225.64.”
Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via ITzine
