SpaceX Stock Crashes to All-Time Low, Nears $135 IPO Price Mark

Why is SPCX stock falling right now?

SPCX stock price keeps sliding lower this week. Shares dropped 4.51% on Friday and another 4.24% on Monday, pushing the SpaceX stock price close to its $135 IPO level.

The stock, trading under the ticker SPCX on Nasdaq, hit a fresh all-time low on Monday afternoon at just under $140. That is a steep drop from its June 16 high of $225.

Since its Nasdaq debut on June 12, 2026, $SPCX stock has been anything but calm. The first trade came in at $150, and shares are now down roughly 7% from that opening print, and more than 38% from the peak.

How much has Elon Musk lost in this SpaceX stock drop?

Elon Musk's fortune took a direct hit from the $SPCX stock decline. His net worth fell below $900 billion on Monday, landing at $882.7 billion according to Forbes real-time data.

That is close to $37 billion wiped out in a single pullback. Musk was briefly the world's first trillionaire on June 16, when $SPCX shares hit their record high, and his wealth touched $1.45 trillion.

Even after the drop, Musk remains the richest person alive. Google co-founders Larry Page and Sergey Brin trail far behind, with $290.7 billion and $268.1 billion respectively.

What does the SPCX stock price chart show?

The 30-minute chart shows SPCX stock price action stuck below its 20, 50, 100, and 200 EMAs. That is usually a sign that sellers are still in charge.

Price is also stuck under a descending trendline that has held for weeks. The RSI sits near oversold territory around 24 to 34, hinting at a possible short-term bounce.

Support sits in the $137 to $139 zone. Resistance is likely near $141 to $145, then a tougher wall near $150 to $152 where the trendline lines up.

Level Type

Price Zone

Current Support

$137 – $139

Near Resistance

$141 – $145

Trendline Resistance

$150 – $152

Downside Target

$130 – $135

Bear Case (Morgan Stanley)

$75

Bull Case (Morgan Stanley)

$600

How big is the SpaceX market cap drop so far?

$SPCX debuted with a valuation near $1.8 trillion, which quickly climbed above $2.7 trillion at the June peak. As of the latest session, market cap has slipped back toward the $1.9 trillion mark.

Some market watchers frame the current pullback as roughly a 35% drop from the all-time high, depending on which intraday print is used as the reference point.

That gap between peak and trough shows just how much froth built up in the stock's first weeks of trading, and how much of it has already unwound.

Is SPCX stock price oversold right now?

Technical readings suggest the stock is getting close to oversold territory, but has not fully tipped over yet.

Indicator

Reading

Signal

RSI (14)

24 – 34

Approaching oversold

Price vs EMA 20/50/100/200

Below all four

Bearish

Support zone

$137 – $139

Being tested

Near resistance

$141 – $145

Watch for rejection

Derivatives data adds context here too. Liquidation totals over the past 24 hours sit near $8 million, with long positions taking the bulk of the losses.

That points to leveraged traders betting on a bounce and getting caught out as the price kept grinding lower.

Long/short account ratios on Binance and OKX both remain well above 1:1, meaning most retail accounts tracking SPCX perpetuals are still positioned for a move higher, even after the drawdown.

How does this compare to SpaceX's own revenue targets?

$SPCX reported around $18 billion in revenue in disclosures tied to its IPO. Musk has floated a long-term goal of $1 trillion in annual revenue somewhere down the road.

Morgan Stanley's own numbers sit between those two figures, projecting around $45 billion in 2026 revenue growing toward $319 billion by 2030. That is a wide range of outcomes, and the gap between company ambition and analyst modeling is something investors are watching closely.

What are analysts saying about the SpaceX stock price prediction?

Morgan Stanley started coverage of SPCX stock with an Overweight rating and a $300 price target. The bank pointed to SpaceX's position across space infrastructure, connectivity, and AI.

The firm's forecast is bold. It expects SpaceX revenue to grow from about $45 billion in 2026 to $319 billion by 2030, and as high as $3.3 trillion by 2040.

Morgan Stanley also expects Starship's reusability to cut launch costs to around $500 per kilogram by 2030, and below $200 per kilogram by 2035.

Could SPCX stock price fall further from here?

Some traders on social media are drawing comparisons to past tech stock crashes. One post noted that Amazon fell 95% from its dot-com peak, Nvidia fell 90%, Apple fell 82%, and Tesla fell 75% at various points in their history.

Applying similar math to SpaceX stock, a 70% drop from the $225 high would put shares near $67. An 80% drop would put SPCX around $45.

These are just historical patterns, not guarantees. SpaceX stock could just as easily stabilize near current support if buyers step back in.

Latest SPCX news moving the stock today

The Federal Aviation Administration closed its review of a Starship booster failure from a May test flight. This clears SpaceX to attempt its next Starship launch from Texas as early as Thursday.

That May 22 flight was the twelfth Starship test since April 2023. It used a newer model SpaceX plans to lean on for commercial launches, satellite work, and future moon missions.

SpaceX was also recently added to the Nasdaq-100. That brought in more index-fund buying and selling, which has added to the stock's swings.

Separately, Thailand's stock exchange launched five new Depository Receipts on July 13, 2026, letting Thai retail investors buy into SpaceX through local brokers using Thai Baht.

Tesla, also run by Musk, fell more than 3% on Monday as investors wait for updates on the company's AI plans.

When is the SpaceX stock earnings date?

SpaceX has not confirmed an exact date yet. Analysts widely expect the company's first public earnings report to land around August 6, 2026.

That date carries extra weight for another reason. It roughly lines up with the end of the IPO lock-up period, when employees holding shares from compensation packages become free to sell.

A wave of insider selling around that time could add fresh pressure to SpaceX stock, right as the market gets its first real look at the company's numbers as a public business.

Liquidation and trading activity around SPCX stock

Trading in SpaceX-linked perpetual contracts has been active. Total liquidations hit $8.00 million over 24 hours, with longs bearing the bulk of losses at $7.56 million.

Binance leads volume among exchanges tracking SPCX stock price, followed by OKX and tradeXYZ.

Long-to-short account ratios remain skewed toward longs on both Binance and OKX, suggesting many traders are still betting on a rebound.

SPCX stock remains newly listed and high-volatility. Sentiment can shift fast around headline risk, and a recent hack affecting crypto accounts linked to SpaceX has added to the broader jitters around the name.

For anyone tracking the SpaceX stock price closely, keeping an eye on both chart levels and SPCX news headlines matters just as much as the fundamentals.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Stock and asset prices are volatile and can fall as well as rise. Always do your own research and consult a licensed financial advisor before making investment decisions.