SPCX stock hit an all-time low of $104.83 on Monday before bouncing to $114.53, but remains 15% below its $135 IPO price and roughly half its record high of $225.64. Some 911.5 million shares, worth approximately $104 billion at Monday’s price, will become available for sale on Thursday, while short positions have surged to 165 million shares. Elon Musk publicly backed the dip as a buying opportunity, though his own shares remain locked until June 2027 and he controls 82% of voting rights. Analysts remain bullish, with Morgan Stanley targeting $300 and most estimating fair value above $220, while Cathie Wood called SpaceX potentially the most important company in history. Second-quarter earnings due Tuesday and actual Starlink subscriber numbers will be key data points for investors.
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